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Up Up and Away!

Up Up and Away!. The Economics of Vertical Farming Chirantan Banerjee, Lucie Adenäuer and Stephan Rickert. Content. Global situation Design of the Vertical Farm Facts and Figures SWOT Analysis Market Analysis Outlook. c.banerjee@ilr.uni-bonn.de.

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Up Up and Away!

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  1. Up Up and Away! • The Economics of Vertical Farming • Chirantan Banerjee, LucieAdenäuer and Stephan Rickert

  2. Content Global situation Design of the Vertical Farm Facts and Figures SWOT Analysis Market Analysis Outlook c.banerjee@ilr.uni-bonn.de

  3. Global situation: where do we stand? c.banerjee@ilr.uni-bonn.de • We need local food production technologies • 38% of all land is used for agriculture 11% arable • 1 billion still undernourished thereof 42% in India and China • In rich countries, people spend 10% of their income on food, this is 50% in case of poor countries • FOOD IS NOT BEING PRODUCED WHERE REQUIRED AND SUPPLY CHAIN IS NOT WORKING • We need technology to adapt to consumer choice • Striking difference between rich and poor consumer needs • Increasing demand for especially protein rich diets • THIS IS EXPECTED OF ALL COUNTRIES ON THE DEVELOPMENT BANDWAGON

  4. Population Trends c.banerjee@ilr.uni-bonn.de Source: Population Division of the Department of Economic and Social Aairs of the United Nations Secretariat. World Urbanization Prospects: The 2007 Revision.

  5. Possible Solutions c.banerjee@ilr.uni-bonn.de • We need to produce 100% more food! • 2% increase of agricultural land expected until 2040 20% more food • Another 10% is expected from increased cropping intensity • Problem of land use for fuel How do we reach the missing 70% ?

  6. Design of Vertical Farms c.banerjee@ilr.uni-bonn.de • Vertical farming is a system of commercial farming • Plants are artificially stacked vertically above each other • Plants, animals, fungi and other life forms are cultivated for food, fuel • Through Controlled Environment Agriculture

  7. Design of Vertical Farms

  8. Design of Vertical Farms

  9. Design of Vertical Farms

  10. Design of Vertical Farms

  11. Design of Vertical Farms

  12. Design of Vertical Farms

  13. Facts and Figures c.banerjee@ilr.uni-bonn.de

  14. Facts and Figures c.banerjee@ilr.uni-bonn.de

  15. Facts and Figures c.banerjee@ilr.uni-bonn.de Probability distribution of costs per kg biomass • Cost of producing edible biomass is around 3.17 €/kg • Worst case: 6.32 €/kg

  16. SWOT Analysis c.banerjee@ilr.uni-bonn.de

  17. Market Potential c.banerjee@ilr.uni-bonn.de • Criteria: • Population above 5 million • Per Capita income above $ 20,000 p.a. Long Term Market Potential Short Term Market Potential N = 47

  18. Outlook c.banerjee@ilr.uni-bonn.de • Economic research is required to ascertain: • The energy balance • The cost of production • Linear programming of optimal cultivation strategy for cost minimisation • The cost benefit analysis • Consumer studies • A comprehensive market analysis with identification of potential candidates • More Ideas?

  19. http://www.ilr.uni-bonn.de/pu/publication/Publikationen/vertical_farming.pdfhttp://www.ilr.uni-bonn.de/pu/publication/Publikationen/vertical_farming.pdf Chirantan Banerjee, Lucie AdenäuerandStephan Rickert Institute for Food and Resource Economics, University of Bonn, Germany c.banerjee@ilr.uni-bonn.de Thank You!

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