Dubai opened one about 6 months ago capable of producing over a million kg of leafy greens a year, the largest vertical farm in the world by some margin, and that's just a pilot project.
The “largest vertical farm in the world by some margin” produces less calories than a tiny family farm that can barely afford its own tractor. The largest wheat farm in Canada is over 35,000 acres which means it produces just as much food per day as the largest vertical farm produces per year. That wheat farm isn’t even in the list of top 10 largest farms in North America.
We’re comparing pebbles to continents.
[1] https://www.statista.com/statistics/190356/wheat-yield-per-h...
[2] https://www.ers.usda.gov/data-products/ag-and-food-statistic...
Edit: I made a slight mistake in my math. A 60 lbs bushel of wheat when processed doesn’t yield exactly 60 pounds of usable food, but it doesn’t change the overall picture (360 kcal => 240 kcal, 130 acres => 180 acres)
Edit 2: That vertical farm cost $40 million to build. Our hypothetical wheat farm would cost under $2 million for the land, fertilizer, seeds, and machines.
The industry is growing at 25-30% YoY…. That’s gonna snowball fast.
> The industry is growing at 25-30% YoY…. That’s gonna snowball fast.
Pure fantasy. We’ve had vertical farming for thousands of years already - first built by the same Babylonians that grew wheat in Mesopotamia! When’s it going to start snowballing?