As the world's population grows, the need for food grows with it. The United Nations predicts that the world's population will approach 10 billion by 2050, with most of this growth coming from the world's poorest countries. However, standards of living in these countries are predicted to improve substantially over this time, meaning demand for agriculture, meat, dairy, and poultry is set to skyrocket.
The general sentiment among researchers, analysts, and agribusinesses alike is that food production needs to double over the next 30 years to meet demand. Of course, with only so much land available on our Earth, the question then becomes: how do we maximise farming efficiency to ensure the world's cupboards remain stocked? ASX-listed RotoGro's patented cylindrical agriculture system is part of the answer. The nimble technology reinvents the wheel to service the perishable foods industry forecast to be worth $295 billion by 2022. More than this, however, the tech optimises the latest innovation in farming: urban vertical agriculture.
The indoor growing revolution
As part of the solution to increasing world food demand and reducing food miles, vertical indoor farms have started popping up across the globe. These systems use fine-tuned LED lighting designed to provide optimal light for photosynthesis so that plants can grow happy and healthy without ever seeing the sun or being exposed to pesticides and herbicides. The crops are grown and tended to on long, flat tables that can be stacked on top of one another. This means a farm makes optimal use of the volume of its growing space, not just the area.
Read more at The Market Herald (Josh Smith)