Below ground has trade offs, it's easier to use gravity flow designs but you lose all natural sunlight. Most of the time rain catchment systems on roof top vertical farms or free standing green houses are easier to design. There are already a bunch of vertical farms in commercial operation. The Netherlands in particular is leading the science here but in the US a number of farms exist. Vertical farming uses around 90% less water and solar/wind/hydro power for LED's is extremely doable. You are wholly incorrect about the amount of work required and amount of resources. It does take smart design to work however.