In the world’s biggest country, vertical farming gains ground

Despite this recent success and the abundance of arable farmland, some see the country as ripe for the introduction of new agricultural technology in the form of vertical farming — indoor industrial greenhouses that are heavy on technology, light on physical space and located close to cities and consumers.

“Vertical farming is one of the most rapidly developing markets in the venture capital space,” said Maya Gorodova, commercial director at iFarm, Russia’s leading vertical farm company. “Over the next five years the industry is only going to accelerate even faster.”

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Topics: Agritech, Analysis, Startups
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