Vertical farming company Plenty has filed for bankruptcy, the company said in a press release.
In its statement, Plenty said it has received a commitment for $20.7 million in debtor-in-possession financing as part of a proposed restructuring plan. It plans to continue to operate a strawberry farm in Virginia and a plant science research and development (R&D) center in Wyoming.
To learn more, please visit TechCrunch.
There has been recent attention on the limited supplies of lettuce and leafy greens. The supply issue has been largely attributed to crop damage associated with an aggressive pest and disease complex of INSV and soil-borne diseases. …
The new technology, made of a derivative of crab and shrimp shells, is designed to form a microscopically thin nanocrystal layer on the treated produce — absorbing and removing chemical residues. …
The California Leafy Greens Marketing Agreement announced they would be tightening metrics related to surface water used for overhead irrigation in response to the food safety issues of 2018. Taylor Farms announced it would only source product from growers who perform on-site treatment of water used in overhead irrigation. These are both very positive steps for the industry and real signs of leadership. But in reading the LGMA release, we couldn’t help but be drawn to the missing 1%. It is obvious that even the 1% of non-compliance is a risk too large for the industry to take. …
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