"Mr. Webb has been vocal about wanting to replace Mexican produce in U.S. grocery stores. The majority of many vegetable varieties in U.S. grocery stores are shipped from Mexico where they are sprayed with chemical pesticides three to four times a week. They are genetically modified for transportation and don’t have the nutrient density of those organically grown. AppHarvest believes its Appalachian location between the East Coast and the Midwest could be a solution and bring jobs back.
Meanwhile, Covid-19, in addition to pointing out myriad flaws across the healthcare industry, has also exposed vulnerability in supply chains. AppHarvest is betting that supply chain disruptions related to the coronavirus pandemic will push large grocers to back more domestic sources of produce.
Then there is climate change. AppHarvest’s third facility, located in Berea, Ky., will be 15 acres and grow leafy greens. Drought-stricken Arizona and California currently produce 90% of U.S.-grown leafy greens. Central Appalachia has so much rain that the facilities can be operated on 100% recycled rainwater."
- https://finance.yahoo.com/news/agtech-revolution-underway-appalachia-appharvest-130028710.html
I try to stay optimistic about the future in these times... When you scale up Vertical Indoor farming, it solves a whole host of problems currently plaguing society, and traditional large scale agriculture is one of the most wasteful and vulnerable industries there is to disrupt in a meaningful way... Indoor Vertical Farming is going to be huge in a Climate Change hellscape of extreme droughts and floods, so if you want to get in on Appharvest, their pre-IPO SPAC stock is 'NOVS'.
Submitted November 19, 2020 at 09:48PM by Pijoto https://ift.tt/3ffaHLe
