Hydroponic Farming Overview
Hydroponics is a modern farming method where plants are cultivated in nutrient solutions rather than soil. The hydroponics system market is expected to reach $20 billion by 2025. Crops grown hydroponically grow more quickly than in conventional farming.
Advantages of Hydroponic Farming
- Compared to soil, hydroponic startup land costs are lower since less land is needed. Hydroponic farming has reduced land use by 50% and water use by 90%.
- Hydroponics produces higher yields and costs less than traditional farming, though requires more energy. The Kratky method is the cheapest. With proper setup, excellent yields are possible once basics are learned.
- Initial investment costs should be considered. Systems require initial investments in equipment and components which varies by size and complexity.
Disadvantages of Hydroponic Farming
- Pre-built structures may have additional setup fees. Hydroponics uses less land so is typically cheaper per square foot than traditional farming.
- Hydroponic farms are highly productive, generate revenue to cover expenses and provide wages. However, systems are expensive to set up initially.
- It works better with different crops. Some systems may be affordable, while others require more investment.