Agriculture Insurance Risk Advisor - Advantages of Adopting Vertical Farming
Today's climate crisis is causing unpredictable conditions, making it a challenge to continue with traditional agricultural practices. Yet, the agriculture industry is developing new and innovative ways to carry out food production, one of which is vertical farming. This indoor farming method produces food on vertically inclined surfaces, as opposed to traditional outdoor horizontal farming. Vertically stacked layers allow farmers to produce a much higher yield of food on the same amount of land. Our Agriculture Insurance Risk Advisors can help navigate about the potential risks when adopting these innovative techniques.The following are advantages of adopting vertical farming:
. Year-round produce: Vertical farming is not weather-dependent, enabling year-round crop production in a protected and monitored environment. It ensures consistent output that can be programmed and repeated. Vertical farms reduce harvest times and improve crop yields without compromising quality.
. Reduced water consumption: Indoor farms utilize technology to control the growing environment, resulting in decreased demand for resources like water. With crops grown indoors, less water is lost through evaporation, and humidity levels are closely monitored. Vertical farms also recycle water that is not utilized by crops, incorporating it back into the production cycle for other plants.
. Reduced land and transportation requirements: Vertical farms require less land to achieve the same crop yields as traditional farms. Moreover, these farms are often located near urban areas, reducing the distance between the farm and the grocery store. This proximity lowers transportation requirements and associated costs.
. Higher crop yields: By vertically stacking crops, numerous plants can be grown in the same space that would accommodate only one plant in a traditional farm. Additionally, vertical farms experience fewer crop losses due to adverse weather conditions, pollution, and pests, as these challenges can be effectively mitigated in indoor environments.
Different challenges affect the agriculture industry each year, but adopting innovative techniques can help. Contact an Agriculture Insurance Risk Advisor to learn more about navigating potential risks in the agricultural sector and explore the insurance coverage packages we offer.