This entrepreneurship idea would be a product-service mix that can capitalize on increasing food prices due to climate change. It incorporates two of the major issues that corn and soybean production are facing in the status quo: Transportation, and Formation.
The modern-day developed country like the United States or Brazil have the vast majority of the population concentrated in heavily populated urban areas. The world is so concentrated this way that the entirety of the human race could fit shoulder-to-shoulder in the state of Connecticut. Things like waste disposal and food production often take place far outside these dense urban areas. My product/service, however, will make it so that some of the food we eat can join us in our tightly packed cities. How? Through the same way we fit people in cities: by building upwards instead of outwards. Hydroponics would allow for corn and soybean Production in indoor temperature-controlled buildings. These buildings would be in urban areas slashing transportation costs. The cost of hydroponic growing could be Balanced out by this and increasing prices due to global warming which reduce the current supply and increase the demand.This product/service can produce primarily corn and soybeans, but feasibly could produce other crops as well to sell to distributors and wholesale, while also providing cheap delivery services that can stay in the urban areas that need the products the most.
I think that not only is this idea presented as interesting and extremely well thought out, but its also very original. I think you did a great job at addressing the issue, explain your solution and answering any possible questions people may have. In my research to find any opportunity, nothing in this area really popped out at me, so my only question to you would be how you came up with this opportunity? Again great job and I cant wait to read more about it.
ReplyDeleteHey Brandon, great post. You did a great job of explaining the issue and laying out your plan. It sounds like you have really thought this out. This topic is definitely an issue in the world right now, that could use a solution. I like the plan you explained, and the product/service that you suggested. Overall this sounds like a great idea.
ReplyDeleteHydroponics is an absolutely amazing system, and I have actually performed experiments on that in my family's own hydroponic/aquaponic system in our backyard during my highschool years. Not only can you farm crops through hydroponics, but you can also raise freshwater fish, such as tilapia, which add nutrients to the plants through the water that gets pumped through the system. In turn, the plants filter the water and return clean water back to the environment inhabited by the fish. Not only can you farm crops, but you can also farm fish at the same time.
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