This presentation looks at vertical farming.

1. Study – Vertical Farming
Paul Young CPA, CGA
May 20, 2017

2. Paul Young - Bio
• CPA, CGA
• Academia (PF1, FA4 and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com

3. Agenda
• What is Vertical Farming
• Pitfalls to Vertical Farming
• Potential Market Size
• Market Leaders
• Examples

4. What is Vertical Farming
Source - Wikipedia
is the practice of producing food in vertically stacked
layers, such as in a skyscraper, used warehouse, or
shipping container. The modern ideas of vertical
farming use indoor farming techniques and controlled-
environment agriculture (CEA) technology, where all
environmental factors can be controlled.

7. Market Potential
• Source - http://www.prnewswire.com/news-releases/vertical-farming-market-size-worth-99-billion-by-2025--cagr-224-grand-view-research-inc-
620578263.html
The global vertical farming market is anticipated to
reach USD 9.9 billion by 2025, according to a new report by
Grand View Research, Inc. The increased use of Internet of
Things (IoT) sensors, for producing crops, is likely to spur the
market demand over the forecast period. The information
obtained from the sensors is stored on the cloud and analyzed
to perform the required actions. The growing automation in
agriculture and increasing use of big data & predictive
analytics, for maximizing yields, are also likely to drive the
market.

8. Pitfalls to Vertical Farming
Source - https://www.maximumyield.com/top-3-reasons-why-vertical-farms-fail/2/3177
1. They try to do too many things at once. - A common pitfall of many vertical farms is attempting to
both grow food for market while productizing and selling the technology they’re using to grow their
food.
2. They forget that labor is always the biggest cost. Reflecting on their own shuttered operations, each
of the three panelists echoed this warning about labor: Don’t overlook your labor costs. All three
panelists express similar challenges regarding the workers on their respective farms. While the wages
were relatively low (ranging from $9-15 per hour), labor costs added up quickly thanks to the farms’
growing techniques
3. They don’t treat the farm like a process. - In today’s technology-based modern
farming world, production is not the problem. Growing in controlled environments
and with proper plant nutrition allows modern farmers to produce crops with
astounding consistency and quality. Instead, the real issue these three farmers faced
was how to run their growing operations efficiently while minimizing cost.

9. IOT Market
Leaders
• http://www.fox34.com/story/35300702/global-internet-of-things-iot-market-2017-size-share-
development-status-type-and-application-segmentation-forecast-by-2023

10. Companies / Vertical Farming
Source - https://globenewswire.com/news-release/2017/05/17/986832/0/en/Vertical-Farming-Market-to-exceed-13bn-by-2024-Global-Market-
Insights-Inc.html
Market Leaders
• General Hydroponics
• Aerofarms
• Plantagon International AB
• Urban Crop Solutions
• Sky Greens, Green Spirit Farms,
• Spread co Ltd
• Mirai Co.Ltd.
• American Hydroponics etc.
OEM Equipment:
• EVERLIGHT
ELECTRONICS CO.,
LTD (Taiwan)
• illumitex (Texas),
• Koninklijke Philips NV
(Netherlands).

11. Canada and Vertical Farming
Source - http://www.ctvnews.ca/canada/vertical-farming-a-game-changer-for-manitoba-first-nation-1.2932551
An innovative farming method typically used in big cities has been introduced in an
isolated First Nations community in northern Manitoba to help cultivate fresh and
affordable fruits and vegetables.
Vertical farming arrived in the Opaskwayak Cree First Nation, one of Manitoba’s largest
reserves, in February. Unlike traditional farming, vertical farming brings the process
indoors and allows a person to control environmental variables, such as light and
water, to speed up the process.
For the remote community where a container of strawberries sells for $18 and
residents often can’t afford healthy foods, vertical farming is considered a major step
forward