Global hydroponics specialist Pegasus Agriculture recently revealed it has leased a 77-acre tract in Florida in a doubly effective move, ushering the firm into North America while modeling farming techniques able to handle climate change.
Crop production in Florida has been shown to have had an overall decrease related to the consequences of climate change over the last several years.
The company plans to construct its hydroponic facility on a parcel under a contract for one long-term (15-year) renewable lease, facilitating agricultural progress while at the same time bringing more jobs to the continuously growing Florida economy.
Pegasus believes that its water-based technology can assuage the undesirable effects of climate change regardless of geographical location, helping the world gain more autonomous food security.
Hydroponics uses up to 90 percent less water than soil-based farming, does not require fertilizers or pesticides, and yields 300 percent quicker crop growth, Pegasus stated on its website.
Pegasus Agriculture's managing director Naveed Hussain predicted that the development will help the company to "realize its international potential."
With over 150 years of total market experience, Pegasus is headquartered in Dubai, U.A.E. and currently operates throughout the Middle East and North Africa (MENA) region.
The exact location of Pegasus’ Florida project was not disclosed.