Hydroponic Farming Investments

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Pegasus Agriculture to move into US markets

International hydroponic experts Pegasus Agriculture have announced plans to construct a large hydroponic facility in Florida, USA. The company has purchased a 15 year lease on 77 acres of land, with an option to extend the lease by an additional 15. The move will give the company access to North American markets, which have exploded in recent years as local populations are shifting demand to more sustainable, locally produced goods.

The local effects of climate change, of which rising sea levels is a major issue for the state, are being felt by residents, and recent polls indicate that roughly 80% of Florida’s population now believes in its existence.

Additionally, Florida’s agriculture sector has been showing significant signs of growth over the last few years, with some 1.56 million people being employed in the state’s agriculture and natural resources sectors in 2014, which is the latest year for which there is data.

Ultimately, this makes Florida an extremely attractive location for international hydroponics companies like Pegasus Agriculture. In fact, Mahmood Almas, the company’s Group Chairman is quoted as having said that “it is one of the most ideal locations to press the advantages of hydroponics available worldwide, at the moment.”

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Dubai’s Pegasus Agriculture gets Shariah-compliant business certification

Hydroponics is radically changing agriculture around the world, and one company has received a seal of approval from the Shariah Supervisory Board (SBB), making its investment product an example of Shariah-compliant agriculture.

Pegasus Agriculture is based out of Dubai and promotes the use of hydroponic farming operations across the Middle East and North Africa. The company was sanctioned by Islamic law under the leadership of BB, a renowned international Shariah scholar.

The SSB made its decision on June 3 after looking at not only the operational details of the company, but also its finances.

“We’re proud to be able to say that we adhere to these important Islamic principles.” Pegasus Agriculture Chairman Mahmood Almas said in a press statement. In the same report, Ebrahim Desai called Pegasus “a unique investment which allows investors the opportunity to earn solid sustainable returns while adhering to the ethical principles of Shariah Law.”

One principle of Shariah-complaint business practices is a prohibition on interest, which disqualifies many types of investment vehicles around the world. Another is the sharing of profits and losses among various parties. There are also certain standards regarding excess of speculation in markets. International business-services company PricewaterhouseCoopers estimates that less than 1 percent of world’s assets are Shariah-compliant.

So what does it take to really make something like agriculture Shariah-compliant?

Federico Gaon is an Argentinian with a degree in international relations from the University of Palermo, specializing in Middle Eastern legal affairs.

“Since Islam has never truly been reformed toward religiously condoned secularization (like Christianity in Western Europe, especially Protestantism), there is ample debate among Islamic scholars and jurists surrounding what is halal, or possible, and what is haram, or forbidden,” Gaon told Gulf News Journal. “Although one could say kindred discussions take place in other religions, this does not happen with the same intensity.”

Discussing the quixotic nature of this kind of religious application to modern-day realities, Gaon said there’s also the question of how liberally or strictly to apply Shariah law, or any other type of religious rule.

“Perhaps a good example is banking.” Gaon said. “There is no such thing as ‘Christian banking or finance,’ yet the concept of Islamic banking is quite popular in the Muslim world. In other words, in Islam, everything modern is under scrutiny. Of course, from an economic standpoint, you could find ‘progressive’ scholars, and more conservative ones, prone to blocking productivity for the sake of purity, or tradition.”

Although Shariah might be a concept that’s generally hard to apply to the modern world with all of its unforeseen complexity, scholars are evidently able to accommodate the idea of hydroponic gardening, an idea that could help feed the world and give millions of people in different areas of the globe access to fresher, healthier produce. The recent ruling on one hydroponic company is a reassuring sign.

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Dubai company Pegasus backs Kennett’s plans for indoor agriculture hub

Pegasus Agriculture Group announced support a major public-private initiative to develop a global indoor agriculture production, research, training, and service hub in the Kennett Square area.

The indoor agriculture company is based in Dubai.

Plans for the hub initiative are were publicly announced for the first time this week at Indoor Ag Con Asia in Singapore, by Kennett Township, the historic center of the indoor mushroom industry in the U.S.

.The initiative was developed by Kennett’s Sustainable Development Office (SDO) with support from Kennett area growers and packers, regional economic development agencies, and regional agriculture, engineering, and business schools, a release stated.

According to Mahmood Almas, Pegasus’ founder and chairman, “Kennett’s initiative to develop a world-class indoor agriculture hub is not only visionary but eminently practical. That’s because Kennett, unlike most other areas, can leverage the extensive infrastructure of its historic indoor agriculture industry. That makes all the difference to Pegasus.”

Michael Guttman, who directs the initiative for Kennett, stated that “Kennett currently produces 50 percent of the annual US mushroom crop – some 500 million pounds of produce – all grown indoors year-round and delivered fresh every day with 48 hours of picking all across North America. We’ve already developed an extensive infrastructure to accomplish this that includes engineering, construction, maintenance, public utilities, cold storage, logistics, transportation, and of course a very experienced workforce. That infrastructure is largely crop-agnostic, so it can just as readily serve the needs of a ‘green’ indoor agricultural firm such as Pegasus, giving them a fast and easy way to enter the vast US marketplace we already serve at the lowest possible cost and risk.”

“Kennett’s extensive infrastructure alone makes it an extremely attractive location for us,” Almas said. “But that’s only one facet of this initiative. Kennett is also working with some its world-class regional agriculture, engineering and business schools to develop a joint indoor agriculture research, training, and innovation incubator center in Kennett, designed to work closely with private production firms located in the area. This center, the first of its kind in a major production area, will be a major asset to the rapidly evolving indoor agriculture industry.”

“We very much appreciate the active and public support of Kennett’s initiative by Pegasus, a highly respected global leader in indoor agriculture,” said Guttman. “In particular, we appreciate how our initiative ties in with Pegasus’s global vision of creating a worldwide network of environmentally and economically sustainable indoor agriculture communities to ensure food security. Working with Pegasus and our other partners, our initiative can hopefully serve as a blueprint for developing a network of similar indoor agriculture hubs all around the world.”

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Pegasus Agriculture to Move into U.S. Markets

International hydroponic experts Pegasus Agriculture have announced plans to construct a large hydroponic facility in Florida, U.S.A. The company has purchased a 15 year lease on 77 acres of land, with an option to extend the lease by an additional 15. The move will give the company access to North American markets, which have exploded in recent years as local populations are shifting demand to more sustainable, locally produced goods.

The local effects of climate change, of which rising sea levels is a major issues for the state, are being felt by residents, and recent polls indicate that roughly 80% of Florida’s population now believe in its existence.

Additionally, Florida’s agriculture sector has been showing significant signs of growth over the last few years, with some 1.56 million people being employed in the State’s agriculture and natural resources sectors in 2014, which is the latest year for which there is data.

Ultimately, this makes Florida an extremely attractive location for international hydroponics companies like Pegasus Agriculture. In fact, Mahmood Almas, the company’s Group Chairman is quoted as having said that “it is one of the most ideal locations to press the advantages of hydroponics available worldwide, at the moment.”

About Pegasus Agriculture

Pegasus Agriculture is one of the leading owners and operators of hydroponic farming facilities in the Middle East and North Africa (MENA). Their head office is strategically located in Dubai, U.A.E. and serves as the headquarters for their global growing and distribution network.

With over 150 years of combined market experience, Pegasus Agriculture leads the MENA region in its goal to attain independent food security.

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Pegasus Agriculture Group and Kennett Township to Cooperate on Indoor Agriculture Hub

Today at Indoor Ag Con Asia, the indoor agriculture industry’s premier trade conference, international hydroponics expert Pegasus Agriculture Group reinforced its recent decision to actively enter the US marketplace by announcing its intention to support a major public-private initiative to develop a global indoor agriculture production, research, training, and service hub on the US East Coast.

Plans for the hub initiative are being presented publically for the first time at Indoor Ag Con Asia today by Kennett Township, a municipality in SE Pennsylvania, the historic center of the US indoor mushroom industry. The initiative was developed by Kennett’s Sustainable Development Office (SDO) with strong support from Kennett area growers and packers, regional economic development agencies, and regional agriculture, engineering, and business schools.

Pegasus’ public announcement of support for Kennett’s initiative is the first by any indoor agriculture firm based outside of the Kennett area. According to Mahmood Almas, Pegasus’ founder and chairman, “Kennett’s initiative to develop a world-class indoor agriculture hub is not only visionary, but eminently practical. That’s because Kennett, unlike most other areas, can leverage the extensive infrastructure of its historic indoor agriculture industry. That makes all the difference to Pegasus.”

Michael Guttman, who directs the initiative for Kennett, explained that “Kennett currently produces 50% of the annual US mushroom crop – some 500M pounds of produce – all grown indoors year-round and delivered fresh every day with 48 hours of picking all across North America. We’ve already developed an extensive infrastructure to accomplish this that includes engineering, construction, maintenance, public utilities, cold storage, logistics, transportation, and of course a very experienced workforce. That infrastructure is largely crop-agnostic, so it can just as readily serve the needs of a ‘green’ indoor agricultural firm such as Pegasus, giving them a fast and easy way to enter the vast US marketplace we already serve at the lowest possible cost and risk.”

“Kennett’s extensive infrastructure alone makes it an extremely attractive location for us,” Almas continued. “But that’s only one facet of this initiative. Kennett is also working with a number of its world-class regional agriculture, engineering and business schools to develop a joint indoor agriculture research, training, and innovation incubator center in Kennett, designed to work closely with private production firms located in the area. This center, the first of its kind in a major production area, will be a major asset to the rapidly evolving indoor agriculture industry.”

“We very much appreciate the active and public support of Kennett’s initiative by Pegasus, a highly respected global leader in indoor agriculture,” said Guttman. “In particular, we appreciate how our initiative ties in with Pegasus’s global vision of creating a world-wide network of environmentally and economically sustainable indoor agriculture communities to ensure food security. Working with Pegasus and our other partners, our initiative can hopefully serve as a blueprint for developing a network of similar indoor agriculture hubs all around the world.”

About Pegasus Agriculture Group

Pegasus Agriculture Group is one of the leading owners and operators of hydroponic farming facilities in the Middle East and North Africa (MENA). Their head office is strategically located in Dubai, U.A.E. and serves as the headquarters for their growing global production and distribution network.

About Kennett Township

Kennett Township is a municipality in SE Pennsylvania, and historically the center of the 100+ year old US mushroom industry, with grows 500M pounds of fresh produce year-round exclusively in climate-controlled indoor facilities. Kennett Township is currently involved in a major initiative to diversify its economy by leveraging its extensive indoor agriculture infrastructure, workforce, and customer base to attract a new influx of ‘green’ indoor agriculture firms to its area.

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