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Project Consideration Vertical Farming

This document discusses project considerations for setting up a vertical farm including risks, issues, assumptions, and constraints. Key risks include high capital costs and technological failures. High initial costs and fluctuations in demand are major issues. Assumptions are made around conducting market research and selecting high-value crops. Constraints involve acquiring funding and establishing distribution partnerships.

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Smiti Saha
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11 views2 pages

Project Consideration Vertical Farming

This document discusses project considerations for setting up a vertical farm including risks, issues, assumptions, and constraints. Key risks include high capital costs and technological failures. High initial costs and fluctuations in demand are major issues. Assumptions are made around conducting market research and selecting high-value crops. Constraints involve acquiring funding and establishing distribution partnerships.

Uploaded by

Smiti Saha
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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4.

0- Project considerations
4.1 Risks-

Description Mitigating Actions


Setting up a vertical farm requires substantial Conduct thorough financial planning and seek
capital investment in infrastructure, technology, funding through grants, loans, or investors to
and operational expenses. mitigate the risk of capital shortage.
Artificial lighting and climate control systems can Implement energy-efficient lighting systems,
contribute significantly to operational expenses. insulation, and renewable energy sources to
reduce energy costs.
Technological Failures like malfunctions or Schedule regular maintenance for equipment
breakdowns in automation systems, lighting, or and implement backup systems to mitigate
climate control can lead to crop losses. technological failures.
Consumer acceptance and perception of vertical Educate the public about the benefits of vertical
farming may influence market demand and farming and engage with the community to build
investor interest. trust and support.

4.2 Issues-

Description © Priority Resolution Actions


High initial investment and operational High Financial Planning and Management:
expenses. • Explore funding options such as grants,
loans, or investment partnerships.
• Implement cost-saving measures and
efficiency improvements to optimize
resources.
Fluctuations in consumer demand and High Market Analysis and Diversification:
market prices affecting profitability • Conduct market research to identify
niche markets and consumer trends.
• Diversify crop selection to meet varied
market demands.
• Establish partnerships with local retailers,
restaurants, or institutions to secure stable
markets.
Disease outbreaks and pest infestations Medium Integrated Pest Management (IPM):
due to the proximity of plants in indoor • Implement IPM practices like crop
environments. rotation, biological controls, and sanitation.
• Regularly monitor crops for signs of pests
and diseases.
• Train staff on pest identification and
management techniques.
High energy usage for lighting, heating, Medium Energy Efficiency Measures:
and climate control systems. • Implement energy-efficient LED lighting
systems.
• Optimize HVAC systems for better
energy utilization.
• Invest in renewable energy sources such
as solar panels or wind turbines.
4.3 Assumptions-

 Conducting market research to identify consumer preferences and willingness to pay for
fresh, locally sourced vegetables and herbs.
 Selecting high-value crops like leafy greens, microgreens, herbs, or specialty vegetables that
grow well in vertical farming systems and have a consistent market demand.
 Investing in high-quality LED lighting systems, automated irrigation systems, and climate
control sensors from reputable suppliers with a track record of reliability.
 Creating a detailed budget that accounts for labour wages, equipment maintenance, seed and
nutrient costs, utilities, and other operational expenses.

4.4 Constraints-.

 Acquiring funding or investment to purchase equipment, build facilities, and cover initial operating
expenses for a vertical farming project.
 Ensuring proper calibration and maintenance of automated irrigation systems to deliver precise
amounts of water and nutrients to plants.
 Establishing partnerships with local retailers, restaurants, or food delivery services to distribute fresh
produce from vertical farms to consumers efficiently.
 Establishing partnerships with local retailers, restaurants, or food delivery services to distribute fresh
produce from vertical farms to consumers efficiently.

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