AppHarvest SPAC Presentation Deck
Controlled Environment Agriculture:
Solving for Agriculture's
Environmental & Social Issues
Biggest
Winning Approach
to Labor
AppHarvest pays 41% higher than
comparable jobs in Kentucky (a)
A single entry-level worker earns 74% of
Rowan County's median household
income of $36,411 (b)
No Agriculture
Runoff
Closed loop water system
Keeps nutrients in the
plants, not local
waterways
A AppHarvest
Highly Water
Efficient
90% less water than
conventional agriculture(c)
100% recycled rainwater
2.76 million sq ft of roof
Less Food Waste
Traditional agriculture pre-retail
spoilage rate is 34%(d)
Controlled environment agriculture food
spoilage rate less than 10%(d)
(a) AppHarvest minimum wage of $13 compared with $9.22 for comparable work, Kentucky Center for Statistics, 2018
(b) AppHarvest yearly minimum wage of $27,040, U.S. Census Bureau, 2017
(c) International Journal of Environmental Research and Public Health
(d) World Wildlife Foundation, Indoor Soilless Farming
Free of Chemical
Pesticides
Integrated pest management
Employee and customer health are the
priority
Climate Resilient
Adaptation to
climate risks
Avoid soil depletion
Grow 365 days per year
Strong ESG
outcomes build
a more resilient
business with
fewer risksView entire presentation