Home
Resources
Follow portfolio news
...

80 Acres Farms invests heavily to build new plant

Published on
20/6/2023
Amended on
24/6/2026
0
minute(s)
Odyssey 2021
Logo 80 Acres Farms
The 80 Acres Farms plant, a pioneer in sustainable agriculture, meets the growing demand for fresh local produce. Using innovative methods, it produces 300 times more than traditional agriculture on a similar surface area, while reducing water consumption and waste. An investment that creates 150 jobs.
By
Damien Hélène
Damien Hélène
80 Acres Farms invests heavily to build new plant
This article has been automatically translated. Please excuse any inaccuracies or translation errors.
Dieser Artikel wurde automatisch übersetzt. Bitte entschuldigen Sie etwaige Ungenauigkeiten oder Übersetzungsfehler.
This article has been automatically translated. We apologize per inaccuracies or translation errors.

80 Acres Farms is building a $120 million mega-farm in Georgia to expand its national network

"This plant aims to 'meet consumer demand for fresh, locally grown products, combat food insecurity, and ensure a healthier and more sustainable food supply,'" according to the municipality's press release. The investment will also create 150 new jobs.

A pioneer in sustainable agriculture, 80 Acres Farms operates “highly efficient vertical farms” that produce up to 300 times more than traditional agriculture on an equivalent area. These “new” farms use 95% less water and minimize food waste and delivery distances—a true ESG achievement!

Financial details and the location of Covington's infrastructure

This expansion beyond its home region in the Midwest is taking shape in the heart of Newton County, in Covington, Georgia. The project represents a capital investment of $120 million to build a next-generation production facility. Fully optimized for controlled-environment agriculture (CEA), this automated mega-farm is designed to produce, at full capacity, four times the volume of produce as the historic Hamilton, Ohio, facility.

For the City of Covington and the State of Georgia, this project is a top priority for regional economic development. The 150 jobs created span a wide range of skill sets, from robotic systems operators to agricultural data analysts, bringing a high-tech dynamic to the state’s leading industry: agriculture.

“Our first next-generation production farm outside the Midwest is being established in the heart of Georgia. We were looking for a community where public officials and business leaders prioritized the future of agriculture, and we found that in Covington,” said Mike Zelkind, CEO and co-founder of 80 Acres Farms.

Deployment Schedule and Market Integration

  • Construction and Structuring Phase: The industrial fit-out of the building and the integration of the automated vertical farming systems across 10 levels were completed by the end of the summer.
  • Launch and Distribution Phase: The first harvests of tomatoes, herbs, and microgreens began being delivered to major retailers in the Atlanta area in early 2023.

Comparative Analysis: Operational Viability in the Face of AgTech Pivots

The launch of this website comes at a time when the vertical farming market is undergoing a major restructuring, characterized by a rigorous selection of the most resilient models. While some competitors in the sector have suffered operational setbacks due to energy-intensive cost structures or poorly implemented technologies, 80 Acres Farms’ strategy stands out:

  • Technological synergy: Drawing on its subsidiary Loop (Infinite Acres) and leading technology partnerships (Siemens), the company has scaled up its thermal management and nutrient distribution software.
  • Crop diversification: Unlike indoor farms limited to the exclusive production of low-value-added lettuce, the Covington facility has the capacity to grow fruits (small berries) and fruit vegetables (tomatoes and mini-cucumbers) on a continuous basis, enabling it to command higher margins from distributors.
  • Capital Expenditures (CapEx): The $250 million raised by the company was directed specifically toward automating internal logistics processes, drastically reducing labor costs per kilogram of packaged product.

Quantified environmental and ESG indicators

The Covington plant exemplifies the application of strict environmental criteria at the heart of Scope 3 requirements for the retail sector. The complete absence of pesticides or chemical inputs eliminates the risk of soil contamination.

Recycling these streams results in clear impact metrics:

  • 95% water savings: Thanks to industrial condensers that capture transpiration from the suspended plants, the water is purified, enriched with minerals, and recirculated into the hydroponic system. This closed-loop system prevents the water loss through evaporation that is inherent in traditional irrigation.
  • Land-use optimization: By stacking crop areas vertically, a single industrial building can replace the equivalent of several dozen hectares of horizontal farmland, thereby limiting land conversion.
  • Logistics Carbon Footprint: The facility’s location on the outskirts of Atlanta, near the city’s consumer market, eliminates the need for long-distance refrigerated transport (often transcontinental shipments from California or Mexico), reducing the CO2 footprint associated with the distribution supply chain by nearly 90%.

Other episodes on this topic

Explore our content collections, which bring together different formats around a single subject/issue/theme.
No articles in this category yet.
Welcome to Altaroc
In accordance with applicable regulations, we ask that you complete your profile. This step is required to access the content and services offered on our websites.
Please fill out your profile to access the site
country of tax residence
Select
choosenCountry
Preferred language
Select
choosenLang
YOUR INVESTOR PROFILE
Financial intermediary or professional investor
Financial advisors, wealth managers, private bankers, or any other investment service providers.
Qualified Investor or Altaroc Investor
Experienced investor or Altaroc investor
Private investors who have already invested with Altaroc or who have a minimum investment capacity of €100,000.
Private investors who have previously invested in Altaroc who have a minimum investment capacity of 200,000 euros.
Non-professional (retail) investor
Individual investors with an investment capacity below €100,000.
Retail investors with an investment capacity of less than 200,000 euros.
Institutional investor
Pension funds, retirement schemes, asset management companies, and single-family offices.
Select your language and investor profile to continue
Select your investor profile to continue
Scroll down to accept General Terms and Conditions
The webpage you are trying to access is not available in your country.