Is vertical farming expensive?
Added on 08 November 2022
There’s no getting away from it - a vertical farm is a substantial investment. Our own indoor farming solutions pricing start at £99,000. We model between 3-5 years payback period on our systems, though have seen it achieved faster. Larger systems can vary in cost from £800/sqm to >£3000/sqm, depending on system complexity.
The most common ways to fund a vertical farming system are usually a blend of the following: grant funding, personal finance, asset finance (a loan from a bank or similar), or equity (outside parties invest in the business for a stake in the company).
One benefit of a vertical farming facility is that it can operate in different markets, geographies and demographics. This also means that every business scenario is different, so a replicable business model is sometimes difficult to achieve. However, understanding variants in local costs or sales prices will mean you can allow for them in your business model and help to set yourself up for success.
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