Singapore's urban farming start-ups face challenges, with decreased funding leading to farm closures or scaling back, affecting the "30 by 30" initiative's progress.
Singapore's homegrown farming dream faces challenges as high costs, cheaper imports, and red tape hamper urban farming start-ups. Funding for these ventures has been decreasing, leading to closures or scaling back of operations for at least half a dozen large farms since the beginning of 2023. The "30 by 30" initiative, aiming for 30% local food production by 2030, currently harvests less than 10% of its seafood and vegetables.
July 28, 2024
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