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The Future of Farming – Underground

Rows of microgreens at the Growing Underground facility in London. Growing Underground.

“Urbanization is the largest movement of humans in the history of humankind,” Epstein said. “Urban environments are also food deserts, because all the food is grown on the outskirts. That has to stop.”

By Irina Ivanova
CBS Moneywatch
October 16, 2017

Excerpt:

Until recently, hydroponics usually came with high start-up costs, meaning a farmer could wait for years before seeing a profit. Dring, who recently reached a distribution deal with Marks and Spencer, one of the U.K.’s largest retailers, expects Growing Underground to break even later this year.

“I’m going to get drunk for a week when that happens,” he joked. “I’ve already told my investors.”

Beyond the novelty of growing food in the bowels of London, Growing Underground’s approach shows that it’s possible to feed a growing population without the carbon-intensive effects of conventional industrial agriculture, which is in many ways unsustainable.

“They can grow food under deserts, they can grow food in old salt mines, they can grow food in old World War II bunkers,” said Daniel Epstein, CEO of the Unreasonable Group. “They can port this model to any town in the world.”

The Unreasonable Group incubates and invests in companies tackling social issues, including Growing Underground and other startups growing food with hydroponic and aquaponic technology.

Read the complete article here.