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Vertical Farming Faces Decline: Only 10 Companies Survive

3/21/2026

23 4 Full Breakdown

Summary

Story summary

By 2026, fewer than 10 of the original 23 companies that signed the Vertical Farming Manifesto remain operational.
Bowery Farming and AppHarvest went out of business after raising significant venture capital.
Vertical farming emerged a decade ago as a promising solution for sustainable agriculture.
It struggled to compete with traditional farms due to thin profit margins and rising energy costs.

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Story summary

By 2026, fewer than 10 of the original 23 companies that signed the Vertical Farming Manifesto remain operational.
Bowery Farming and AppHarvest went out of business after raising significant venture capital.
Vertical farming emerged a decade ago as a promising solution for sustainable agriculture.
It struggled to compete with traditional farms due to thin profit margins and rising energy costs.