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News — Urban Farming

A POV on the future of urban farming

Urban Farming

A POV on the future of urban farming

Urban farming is coming of age and attracting investor interest. McCains recently paid $65 million for a 5-year old Canadian urban/vertical farm company. Aerofarm, a nine-year old company that only recently made a small profit is valued at US$1.2 billion. Urban-gro, a US company supplying urban farming equipment, is valued at US$111 million, around a 50 PE. Investors clearly think this industry will grow massively. This proves nothing about the future, but it is encouraging. These big companies make a lot of noise about feeding the planet, social responsibility and all that. But it is mostly noise. They are not local. They...

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