Agro Sector Ideas

[gfp927z]

>>> Local Bounti Corporation (LOCL) grows fresh greens and herbs in the United States. It produces lettuce, herbs, and loose-leaf lettuce. The company sells its products to food retailers and food service distributors. Local Bounti Corporation was founded in 2018 and is headquartered in Hamilton, Montana. <<<


>>> Vertical farming -


https://www.fool.com/investing/stock-market/market-sectors/consumer-staples/agriculture-stocks/


Vertical farming is the latest agricultural technology to sweep the market. Investors are betting big on stocks such as AppHarvest and Local Bounti (NYSE:LOCL), a hybrid between vertical farming and hydroponics. In vertical farming operations, companies use shelves and artificial light to grow produce, minimizing land and water consumption. By conserving space, vertical farming has the potential to create facilities that are located much closer to consumers than traditional farms.

AppHarvest promises to do just that since the Kentucky-based company says it distributes produce to consumers within a one-day drive of its facilities. The proximity to markets compares favorably with conventional produce, which is often imported from abroad or shipped from California.

AppHarvest’s 60-acre flagship facility is among the biggest indoor farms in the world and serves as a template for the business. The company is currently focused on growing tomatoes, but it has big expansion plans and forecasts at least $350 million in revenue with strong profit margins by 2025.

Local Bounti, a Montana-based ag tech start-up, also has big ambitions, targeting $462 million in revenue by 2025 as it plans to open four new facilities. The company counts Cargill as a major investor and partner; the privately owned agriculture giant loaned $200 million to Local Bounti in September 2021 and is considering financing all of its future facilities through 2025.

<<<




---