NEW YORK: The urban farm craze is finding fertile ground in New York, where 10 young entrepreneurs are learning to grow greens and herbs without soil, bathed in an indoor, psychedelic light.
“It is not just another Brooklyn hipster thing. There is no doubt the local real-food movement is a mega-trend,” says Tobias Peggs, one of the co-founders, a 45-year-old from Britain who previously worked in software.
“If you are 20 today, food is bigger than the Internet was 20 years ago when we got on it,” he adds. “Consumers want trust, they want to know their farmers.” He set up Square Roots with Kimbal Musk, brother of Tesla Motors billionaire Elon and they have been training 10 recruits since November.
Already well-established in parts of Europe — the Netherlands in particular — the technology is still being pioneered in the US.
The greens are reared in an entirely closed and artificial environment that can be completely controlled, grown vertically and irrigated by a hydroponic system that feeds them water mixed with minerals and nutrients.
Wylie Goodman, a graduate student finishing a dissertation on urban farming at Cornell University, said that the US financial capital was a captive market for the innovations.
“It makes total sense,” she said. “You have got a well-educated and wealthy population willing to pay a lot for good local food” — in this case, $7 per single pack of fresh greens delivered to your door.
New York and its environs have seen constant innovation in urban agriculture from rooftop gardens to the huge AeroFarm complex in neighboring Newark and Gotham Greens.
Halfway through his year-long apprenticeship, Peggs said that the 10 young entrepreneurs had already learned how to grow food customers want to buy. The next stage will begin within a year, he said, with the creation of “campuses” capable of producing greens — similar to the one in Brooklyn — in other large US cities before the initiative rolls out “everywhere.”
His enthusiasm is contagious. Around 100 people who took part in a guided tour of the farm this week, were for the most part not only willing to shop the greens but also appeared to be mulling over setting up something similar.
But there are downsides to the business model. If indoor farms can be adapted to grow strawberries and blueberries, “no one with a background in agriculture” thinks they will replace traditional, soil-based farms, Goodman says.
Moreover, products with a denser biomass, such as cereals or beets, are out of reach for the moment. “If I grew beets, I would have to sell it for $50 a head,” Peggs joked.
The working conditions are also an issue.
“Do you really want to work in an enclosed, glowing environment?” Goodman asked.
Besides, the lighting is too expensive and cultivation spaces at a reasonable cost too few, at least for now.
Urban farming flourishes in New York
Urban farming flourishes in New York
Closing Bell: Saudi main index closes in red at 10,414
RIYADH: Saudi Arabia’s Tadawul All Share Index closed lower on Wednesday, shedding 38.85 points, or 0.37 percent, to finish at 10,414.06.
Total trading turnover on the benchmark index reached SR3.46 billion ($920 million), with 123 stocks advancing and 134 declining.
The Kingdom’s parallel market Nomu also shed 41.61 points, or 0.18 percent, to close at 23,428.67.
The MSCI Tadawul Index edged down 0.45 percent to 1,368.36.
Arabian Drilling Co. was the best-performing stock on the main market, with its share price rising 6.8 percent to SR102.90.
Naqi Water Co. gained 4.30 percent to SR58.25, while Saudi Ground Services Co. advanced 3.78 percent to SR38.42.
Tihama Advertising, Public Relations and Marketing Co. saw its share price fall 4.95 percent to SR16.31.
AlAhli REIT Fund 1 also declined 3.53 percent to SR6.29.
On the announcements front, United Mining Industries Co., listed on the parallel market, said it has begun commercial production of gypsum board at its plant in Yanbu.
In a Tadawul statement, the company said the financial impact of the project’s commercial production will be reflected in the first quarter of 2026.
United Mining Industries Co.’s share price was unchanged, closing at SR42.54.
Dkhoun National Trading Co. said its shareholders approved the board’s recommendation to distribute interim dividends on a semi-annual or quarterly basis for 2025.
According to a Tadawul statement, shareholders also approved transferring the balance of the company’s statutory reserve, valued at SR2.43 million, to retained earnings.
Dkhoun National Trading Co.’s shares saw no trades and closed at SR65.









