Walmart jumps on the vertical farming bandwagon
Ric Edelman: You know, every week here on The Truth About Your Future, I'd like to bring you some of the latest examples of the latest research and development innovations that are coming from scientists all around the world. Walmart has just joined a $400 million investment fund, making it the first major U.S. retailer to make a significant investment in vertical farming. Vegetables grow vertically sprouting off of tall towers. The system uses just 1% of the land that's required by traditional farming, improves the yields per acre by a factor of 350. Robots plant, feed and harvest the crops. California's got a 95,000 square foot facility. It's going to begin production this year, and the produce that it makes is going to be sold under Walmart's label at all 250 of Walmart's California stores. Want to learn more about exponential technologies? Read my New York Times best seller, The Truth About Your Future.