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The Times Tech Podcast

Plenty's Matt Barnard: "You’re eating year-old apples”

The Times Tech Podcast

Will Morley

Business, Unknown, Technology

4.9654 Ratings

🗓️ 23 September 2017

⏱️ 36 minutes

🧾️ Download transcript

Summary

The Sunday Times’ tech correspondent Danny Fortson brings on Matt Barnard, co-founder of indoor-farming startup Plenty, to talk about building a ‘global agricultural utility’ (4:25), America’s outsized appetite (6:00), eating old apples (9:00), why tomatoes are terrible in Britain (11:20), building 500 city-centre farms around the world (14:30), luring Softbank as an investor (16:40), and Jeff Bezos (19:30), integrating with Amazon (20:20), why growing indoors works (22:50), using less than 1% the water that normal farms need (24:20), machine learning (26:30), selling cheap fruit and veg (28:00), recreating the Mediterranean in a warehouse (29:15), huge energy bills (30:15), and changing a 10,000-year old business model (31:30).

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Transcript

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0:00.0

The people of Britain love their fancy blenders.

0:03.2

They've bought loads of them.

0:05.5

And luckily, if they bought them with Barclay Card, they earned rewards.

0:09.4

In fact, they'll earn rewards on all their eligible purchases.

0:13.1

It's a more convenient way to consume your fruit and veg.

0:16.6

What you buy is your business.

0:18.9

Giving you rewards on purchases is ours.

0:21.7

Barclay card.

0:22.7

Make money work for you.

0:24.3

28.9% APR representative variables subject to application, financial circumstances and borrowing history.

0:29.2

Tees and Cies apply.

0:32.4

Yo.

0:34.3

Technology.

0:35.3

What is it all about?

0:37.1

You know, do you want to try a chive?

0:38.3

Yeah, I'm a big fan of chives.

0:40.3

Are you? I was going to say, people don't eat them all that frequently.

0:45.3

Mmm. Oh wow.

0:48.3

Farming. It hasn't changed much since we humans first started

0:52.3

harvesting wheat and barley in the Fertile fertile crescent back around 10,000 BC.

0:57.0

Of course there's been advances, the plow, fertilizers, genetically modified seeds,

1:03.0

but broadly, farmers are still playing the same high stakes game they wore all those millennia ago.

...

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