Vertical farms profiled on CBS Morning News

CBS News profiled a New Jersey vertical farm providing baby kale, arugula, spinach and romaine to nearby Newark and NYC groceries. They boast 130% more productivity, 95% less water and no pesticides versus field farms. And they harvest 24 times a year, rain, snow or shine. The pros for vertical farming are obvious: 95% less water, no pesticides, year-around production, local delivery, almost no spoilage, true organic veggies. But there are an equal number of cons: high energy costs, lack of automation and robotics to reduce costs, high initial facility cost, steep up-front facility and fixtures cost with consequent premium selling prices limiting the number of buyers willing to pay that premium.