According to data from Canada's 2021 Census of Agriculture, Ontario is losing 319 acres of farmland daily.

This number is likely to increase after a housing law passed earlier this month by the provincial government expands development into parts of Ontario's protected Greenbelt.

A startup based in Welland, Ontario with ambitions to expand across the country says it has a solution that will produce food on less land. It's a solution poised to be a burgeoning growth sector in agriculture as the impact of climate change and development reduce the amount of arable land: vertical farming.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.