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Agricycle

Growing around Atlanta

Our team and mission

Architects:

Lu Grace Pang, Animesh Shiestha, Jeremey Gentry

Grower:

Corey Mosser, Charles Greenleaf

Entrepreneur:

Houtan Zojaji

Engineer:

Jeffrey Landau

Marketing
Professional:

Erik Maguina

Sustainability
Manager:

Arsalan Mahtafar

Generalist:

Tanner Barr

Our mission is to innovate local sustainable food systems

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Our goals/mission

Develop an urban farm that is economically


sustainable

Generate market rate of return on capital

Engage the local community

Promote sustainable urban farming


Create jobs for marginalized communities
Provide quality produce to areas that do not have
market access (i.e., food deserts)

Minimize adverse environmental impact

Ensure environmental footprint for our production


is less than traditional agriculture

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Our location
Key characteristics

Located in an industrial zone

Near interstate highways (I-85


and I-20)

Railroad access

Near several food deserts

50 acres large
30-40% paved land
No existing structures on
property

Possible future Belt-line and


Marta access

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Our business plan

Division
Vertical urban
farm

Description

Develop an urban vertical farm with 2 components

Closed artificially lit indoor farm with aeroponics producing leafy


greens (lettuce, kale, arugula, microgreens)

Enclosed/convertible farm producing root vegetables (carrots,


beets, turnips, kale, collard greens, broccoli)
Food distribution
hub

Farmer services

Processing (washing, cut/chop, packaging, flash freeze)

Consulting

Cold storage
Distribution

Training/workshops
Community events

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Business plan elevation view and integration

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Business plan flyover

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Indoor farm systems diagram

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Enclosed/convertible farm

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Convertible farm systems diagram

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Convertible farm systems diagram

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Food hub systems diagram

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Business model, economic sustainability, and yield estimates

HIGH LEVEL ESTIMATES

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Annual cash flow 1
USD Millions

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7% IRR

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Key assumptions:

Initial CAPEX
$7.5 M for indoor farm
$0.6M for convertible farm
$2.5M for food hub
Ongoing OPEX
$1.7 M for indoor farm
$0.2 M for convertible farm
$2.5 M for food hub
Indoor farm revenue assumptions
Total sq. feet of grow beds: 90k
Average yield per sq. foot: 5 lb
Average price/lbs: $6.00
Convertible farm assumptions
Total sq. feet 82k
Average yield per sq. foot: 1.9 lb
Average price/lbs: $4.00
Food-hub assumptions
Volume processed/stored/distributed per year:

5 tons year 1, growing to 25 tons in year 4


Net margin on revenues: 30%

The operation will produce a 7% rate of return over 5


years and generate 35% margin at run-rate
1 Have not included any revenue or costs from farming services

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Marketing plan

Target customers
Restaurants

Marketing strategy

Focus on selling high value products out of season in Atlanta

Roots and greens from December to April

High-value grocery chains in Atlanta and nearby metro areas

Sell to K-12 to help them meet their healthy meal quotas

Medical centers and


institutions

Capitalize on their need for healthy and traceable food

Farmers market

Participate in farmers markets to engage community and promote brand


awareness

Outreach to farmers to promote farmer services

Grocery stores

Schools

Mom and pop locations in food deserts

Promote our quality and nutritional value

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Environmental sustainability

Design

Electricity provided by solar panels

Three 20,000 gallon cisterns to


collect and redistribute rainwater
throughout the site

Recycling nutrients prevents


agricultural pollution through run-off

15 acres of vegetation on the land


will be in conservation

Process

3 quarter-acre facilities to collect


neighborhood compost

Annual evaluation and


benchmarking against
traditional agriculture

Carbon footprint
(electricity, food miles)

Water consumption

Continuous improvement

Kaizen workshops for


developing innovative
improvements

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Social sustainability
Our location

Our target communities

Food Deserts in ATL:


Bankhead
Whittier Village
Center Hill
East Atlanta
Winnona Park
Campellton
Old Fourth Ward
Riverside
West Highlands
Peoplestown
Mechanicsville
Lakewood
East Lake
Greenbriar

Many of these Neighborhoods have


poverty rates as high as 86%
Sources: www.ers.usda.gov/data-products/food-access-research-atlas
http://www.neighborhoodnexus.org/maps
http://www.city-data.com/city/Atlanta-Georgia.html
http://apps.ams.usda.gov/fooddeserts/fooddeserts.aspx

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Thank you!
Questions?
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Appendix Financial model assumptions


Assumption

Amount

Indoor farm
Cost per square foot
Square footage warehouse
Number of grow beds per level
Number of levels
Nuumber of LEDs per growbed
Price per LED
Lettuce yield (lbs/sq.foot/year
Size of each bed
Lettuce per pound (wholesale)
Building facilities (as % of building)
Total capital costs
Kale (price/lb)
Microgreens
Average price of produce

$57.80
10,000
20
12
488
132.5
5
376
$6.00
50%
7400000
$1.03
$25.00
$6.00

Enclosed / convertible farm


Number of units
Beds per unit
Sq foot/bed
Total sq footage
Yield per bed per year (per year)
Sq footage per bed
Yeild per sq foot per year
Average price of produce
Labor for harvest per bed (hr)
Number of harverst per year
Labor cost per hour
Labor for plant and prep per bed (hr)
Labor for upkeep per bed (hr)
Seed
Fertilizer
Organic pesticide
Compost cost per bed (CAPEX)
Bed cost
Convayer (per unit)
Irrigation (per unit)
Cistern (for 3)
Convertible cover (per unit)

12
17
400
81600
750
400
1.9
$4.00
6
5
12
2
2.5
$5,000
$3,000
$2,000
$500
$200
$20,000
$6,000
$100,000
$8,000

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