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Sunday Wrap Up: Agricultural Struggles and Triumphs

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Sunday Wrap Up

Sunday Wrap Up: Agricultural Struggles and Triumphs

Discover this week's wrap-up in the indoor vertical farming sector

Marc Lev Shulman
Sep 24, 2023
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Sunday Wrap Up: Agricultural Struggles and Triumphs

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Special thanks to Artechno Growsystems for keeping this edition free.

green vegetables
Photo by Harits Mustya Pratama on Unsplash

Indoor Vertical Farming Newsletter® is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

The Reality Check: Glenn Behrman on the Myths and Realities of Indoor Farming

The Reality Check: Glenn Behrman on the Myths and Realities of Indoor Farming

Sepehr Achard
·
Sep 20
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Friday Insights: Pure Harvest's $150M Partnership, HPNow $14M Funding Round & More

Friday Insights: Pure Harvest's $150M Partnership, HPNow $14M Funding Round & More

Sepehr Achard
·
Sep 22
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Seeds of Change: Navigating the Highs and Lows of Europe's Indoor Vertical Farming Industry

Seeds of Change: Navigating the Highs and Lows of Europe's Indoor Vertical Farming Industry

Sepehr Achard
·
Sep 19
Read full story

A Word From This Edition’s Sponsor

Are you seeking to transform your farming methods? Artechno Growsystems offers advanced automated vertical farming solutions, with expertise in creating and executing modern cultivation systems across the globe. Discover their exceptional products and services today and elevate your farming practices to new heights! Click here to learn more.


This Week in Indoor Farming: Hurricane Idalia's Impact on Florida and AeroFarms' Resilience

Hurricane Idalia severely impacted Florida's agriculture, causing estimated losses ranging from $78 million to $371 million across livestock, field crops, and greenhouse products. Particularly hit were counties between the Gulf of Mexico and the Georgia state line. The storm also damaged vital agricultural infrastructure, prompting the announcement of an assistance program to address irrigation system damages. As the agriculture sector plays a pivotal role in Florida's economy, contributing over $270 billion in 2022, its recovery remains paramount for the state's economic wellbeing.

AeroFarms has successfully emerged from Chapter 11 bankruptcy, fortified by an Asset Purchase Agreement (APA) supported by existing investors, notably Grosvenor Food & AgTech. With a reinforced financial standing, the company is intensifying efforts on its flagship Danville operation, with aspirations to achieve profitability by 2023. This focus arises from growing consumer demand for AeroFarms' nutrient-dense microgreens, now available in over 2,000 U.S. retail outlets, including Whole Foods. Molly Montgomery, a seasoned figure in the food and agriculture realm, has been instated as the Acting CEO and Executive Chairperson, marking a significant leadership transition. Underpinning its mission to address global food and climate challenges, AeroFarms is recognized by Nielsen as the U.S.' fastest-growing packaged salad greens brand.

Other News

Skytree Cumulus: Revolutionizing CO2 Capture

Edible Garden Partners with Woodman’s Markets

Pure Harvest and Richel Group Ink $150 Million Partnership

HPNow Secures €14M Funding to Scale Up Sustainable Hydrogen Peroxide Production

UK’s OneFarm Files NOI to Save Subsidiary From Liquidation

YASAI Achieves Certified B Corporation Status

Europe’s Indoor Vertical Farming: Navigating Highs & Lows

NY Sun Works Advocates for Climate Education and Urban Agriculture in NYC Schools

80 Acres Farms Unveils Its Largest and Most Advanced Facility in Kentucky

Fluence & Oakfruitland: Lighting the Future of Cannabis Cultivation

Read the rest

Upcoming Events

VertiFarm | September 26 - 28 | Dortmund, Germany

Women in AgriBusiness | September 26-28 | Nashville

AgraME | 9 – 10 October 2023 | Dubai, UAE

Vertical Farming World Congress | Oct 9-10 | London

Global AgInvesting Asia | October 17th – 18th | Tokyo

GLASE Summit | October 25th | Leamington, ON, Canada

Agri-Food Innovation Summit | Oct 31 – Nov 2 | Singapore

Articles to read

As indoor farming startups with hundreds of millions in funding head to bankruptcy | Fortune

Is indoor farming a viable future for agriculture or a passing fad? | Times of India

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