Economics of vertical farming in the competitive market

Faraz Moghimi; Bahram Asiabanpour

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Economics of vertical farming in the competitive market

机译：Economics of vertical farming in the competitive market

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摘要

The sustainability issues surrounding conventional agriculture motivate the need for exploring new sustainable methods of farming, critical for global sustainable development. Vertical farming is a potentially underexplored component of sustainable food production portfolio. This paper offers the first quantitative model in the environmental economics and policy literature that evaluates the economic prospect of vertical farming systems in a competitive market setting. Our framework identifies the principal factors to assess the economic and risk aversion potential of vertical farming and utilize a decision model quantify the trade-off between the two alternative farming practices. The model is utilized to evaluate the competitive economic prospect of vertical farming in seven locations with heterogeneous climate and economic conditions within the USA. The results quantify the value proposition of vertical farming in various conditions. Consequently, we leverage these results to evaluate the current and future prospect of the vertical farming industry.

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来源
《Clean technologies and environmental policy》 |2023年第6期|1837-1855|共19页
作者
Faraz Moghimi; Bahram Asiabanpour;
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作者单位

University of Massachusetts Boston, Boston, USA;

Texas State University, San Marcos, USA;

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原文格式 PDF
正文语种英语
中图分类
关键词
Vertical farming; Economics; Decision model; Case study; Sustainability; Sustainable technologies; Financial decision making;

Economics of vertical farming in the competitive market

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