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Assessing The Economical Feasibility of Vertical Farming
Elghali, Malak
Elghali, Malak
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Abstract
This research delves into two fundamental questions: how vertical farming contributes to economic sustainability and how its costs and financial performance compare to traditional farming. The economic sustainability of vertical farming is a complex topic with both promising opportunities and uncertainties. The success of vertical farming relies on achieving high yields to counterbalance the high costs of starting and operating the farms. Although vertical farming projects are focused on attracting funds from various stakeholders due to their innovation, uncertainties persist. The market is driven by the growing demand for urbanization and arable lands. Yet, the lack of standardization in the vertical farms’ arrangements and compositions pose challenges in conducting precise comparisons and benchmarks. This research emphasizes the need for further exploration to identify the true potential and possible obstacles of vertical farming. The review includes the literature that focused on defining vertical farming, assessing its costs, risks, and profitability. This study integrates 40 references, primarily from journal articles, along with multiple referenced sources like videos and news articles, which were used to further support claims made by other authors in the literature review.