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Indoor Agriculture Faces a Reckoning | Ambrook Research

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In June, AeroFarms, perhaps the most famous indoor agriculture grower in the world, filed for Chapter 11 bankruptcy after 20 years in business. Six weeks later, creditors and competitors made their bids for what remained of another vertical farming giant, AppHarvest: three mega-greenhouses, equipped with artificial intelligence and robotics, were on the auction block. The two companies were previously industry giants, operating nine industrial-scale farms between them, having received nearly $400 million in total funding ($238 million for AeroFarms alone). Read Next Planting Tiny Indoor Farms In Strip Malls and Office Parks The Uncertain Future of Growing Without Soil Recycled Carbon Dioxide May Be the Key to Bountiful Rooftop Farms It was a sharp turn for two darlings of what seemed to be an indoor growing revolution, promising year-round fresh, local produce, free from the perils of winter and climate change. Now, they’re just the latest casualties of an industry in decline. A tumult

Investors went wild for the utopian promise of tech-driven vertical farming. Now the industry is on the brink of collapse — can it survive by following in traditional agriculture’s footsteps? In June, AeroFarms, perhaps the most famous indoor agriculture grower in the world, filed for Chapter 11 bankruptcy after 20 years in business. Six weeks later, creditors and competitors made their bids for what remained of another vertical farming giant, AppHarvest: three mega-greenhouses, equipped with artificial intelligence and robotics, were on the auction block. The two companies were previously ind

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