Agricultural Tech is a very hot sector to invest in and it is ecological !

Skyscraper Farms Are About to Go Global

• Japan’s Spread will open its new Techno Farm in November, the world’s largest indoor or vertical farm (known in Japan as plant factories).

• The farm will produce 11m lettuce a year (30,000 per day) in a controlled, indoor environment where lighting, temperature and humidity are optimised for growth and flavour profile. Annual yields per square metre are 120x those of an outdoor farm.

• This is Spread’s second indoor farm but unlike its first, it is almost entirely automated with most tasks performed by robots.

• LEDs and automation are expected to push Techno Farm’s costs towards those of outdoor farms (field parity) by 2023, a goal no indoor farm has yet achieved.

Comments

• Vertical farming is one of the most exciting technologies.

• In the last 12 months, investment and interest has increased dramatically, helped in part by US indoor farmer, Plenty, achieving unicorn status post an investment round led by Softbank.

• Vertical farming, however, is likely to remain a niche part of agriculture, focused on high value vegetable/herb crops and cannabis.

• Outside of cannabis, however, there are few listed plays yet on the technology.

One third of Brits cutting down on meat, Waitrose survey finds

• According to British supermarket Waitrose’s Food and Drink Report 2018-19, 33.5% of the UK population are cutting down on or cutting out meat from their diet, with stated reasons including concerns about animal welfare, health, and the environment.

• Meanwhile, Sky News reports that demand for meat-free food in supermarkets increased by 987% last year.

• The report also says “88% of us have changed how we use plastics after viewing the final episode of Blue Planet”, which translates into 60% of respondents being more likely to use a refillable water bottle, and 66% of 18-24 year old being more likely to opt for a reusable coffee cup.

What do you think?

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