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Betting the farm

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My word lists. Tell us about this example sentence:. The word in the example sentence does not match the entry word. The sentence contains offensive content. Cancel Submit. Your feedback will be reviewed. Don't bet the farm on these stocks. Taking risks. Need a translator? Translator tool. Browse bestride. Test your vocabulary with our fun image quizzes.

Image credits. Word of the Day microbiologist. Blog Blood is thicker than water. Read More. New Words anthropause. February 08, To top. Auto giants differ on eco-friendly vehicles. Once they have decided on moving forward, they don't bet the farm by taking huge risks. Calculated risks and their rewards.

Al Qaeda intercept is just one piece of threat intelligence. Yawn Of The Dead. You bet the farm that a product will move, but instead, it. Inventory purgatory: using one or more of these tactics can get products moving. BlackBerry has bet the farm on the two handsets restoring its fortunes after several years in which it has had to watch firms such as Apple and Samsung erode its global market share.

New smartphones ready to launch in UAE. Historical pond name urged; Use of proper name up to selectmen. Most successful businesses experiment with small bets, rather than bet the farm on one big idea. Small bets and super trends: business strategies for Idioms browser?

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Proponents say they improve local health and cut dietary diseases. But analyzing the local health outcomes of an urban farm is practically impossible. Others say urban farms reduce pollution. Harvard economist Edward Glaeser, author of Triumph of the City , disagrees. Urban farms can improve food access locally, but their ability to boost the food security of a metropolitan region is unproven.

Ford Denison, a professor of ecology and plant biology at the University of Minnesota and author of Darwinian Agriculture , calculates that growing enough food for the residents of greater New York City would require a farm almost the size of the state of Connecticut. Cutting stormwater runoff, slightly reducing violent crime and providing youth recreation and health education, meanwhile, are all good things.

But municipal officials might just as easily achieve them with green infrastructure and a new park or arts center. That leaves job creation and local revitalization. Many Chicagoans, including Ken Dunn, hope to prove the mayor right. Dunn has been running City Farm since the early s and believes he has built a model for revitalizing ailing communities. Right now, City Farm receives close to 15 percent of its budget from private donors, but Dunn says that more acreage would tilt the numbers in his favor.

Chicago has high unemployment and tens of thousands of vacant plots of land. This spring, City Farm began building out a 1. But this model has its limits. A few miles away from Perry Street Farm, a non-profit called Growing Home runs a week urban agriculture training program for the hard-to-employ with a 70 percent success rate. Yet it receives 90 percent of its budget from the city, the state and donors like Boeing and the Chicago Community Trust.

It more closely resembles a publicly funded job-creation program than a thriving urban farm. Yet Allen has found that one hoophouse cannot generate enough income for a living-wage position, and the program may be unable to create all those jobs without additional funding. Still, officials and entrepreneurs continue to search for the key to unlock the economic potential of urban farms. Hopefully, the commercial sector can step in and find their niche to make it profitable.

Gone are the smell of worms, the buzz of flies and the bitter cold of a Milwaukee winter, as well as the baling wire and duct tape that hold together those ancient Growing Power greenhouses. Replacing these are climate-controlled growing areas, expensive hydroponic systems and perfectly straight rows of greens watered by computerized sprinklers. In a profitable first year, Lufa, which sells direct to consumers rather than grocers or middlemen, grew tons of produce and signed up nearly 1, CSA -style subscribers.

Lufa and similar outfits seek profit rather than global good. For this ambition, rooftop greenhouses have many advantages over outdoor farms. They receive unimpeded light from the sun and free heat from the building below, can be farmed year-round and significantly reduce or eliminate land access concerns. They are far more productive, yielding times more food per square foot, and less exposed to the ravages of Mother Nature.

But they also require a certain clientele. But Lufa stepped out of the running in October, citing the cost of reinforcing the structure. Lufa has 27 employees today. When its first U. The lean staffing is crucial.

Even our current farm is operated remotely. Our manager uses an iPad application. All that newfangled technology may increase production, but Lufa — and competitors like Gotham Greens, FarmedHere and others — still has the same problem as City Farm: A dearth of price-unconscious customers. Operations that rely on premium pricing may be able to sustain a facility or two in certain well-off neighborhoods, but inevitably the numbers are not in their favor. Louis Albright, a professor emeritus of biological and environmental engineering at Cornell University, doubts the traditional outdoor farm can ever work in the city.

Of Lufa and other commercial urban operations, he said the main challenge is the cost of high levels of energy usage, intra-city distribution and adapting greenhouses to each building. He doubts their viability, due to the necessarily high price of their produce. Wolf-Powers echoes that sentiment, pointing out that commercial urban farms do best in cities with a surfeit of fine restaurants and affluent households.

All that available space called out to John Edel, an industrial designer turned developer, who made his name transforming an abandoned paint warehouse into a sustainable manufacturing collective. When Edel bought the empty pork plant in mid, it was already up to USDA code for food production, enabling him to immediately add tenants. Today, two aquaponics businesses, a kombucha tea brewer, two bakeries and a rooftop farm work in cavernous rooms where pig parts were once made into ham and bacon.

In the basement, Edel does his own farming. But his manner is measured and calm. The centerpiece of the operation is a closed-loop energy plan that turns the waste of tenant businesses into a power source. Edel hopes to sign a brewery in the next few months and be fully operational by , creating jobs. Back of the Yards may be slowly reawakening after decades of decline, but for Edel, stability is years away. There it is again, the problem faced by Lufa, City Farm and others.

The only way to do that is to create these group economies of scale. Despite the excitement, and the coolness of it all, urban farmers remain thin on the ground. The United Nations says some million people are involved in urban agriculture in one way or another, but only a tiny percentage toils in developed countries. In the heyday of victory gardens, millions of homeowners tended small backyard patches in their spare time. Our economy remains worrisome and climate change is a looming boogeyman, particularly after Sandy.

But neither represent as clear and present a danger as an attack on Pearl Harbor while Adolf Hitler storms Europe, or a post-Soviet fuel crisis that nearly starves a small island nation, forcing its citizens to rebuild their food system. In the U. Regardless, in 21st-century America mass participation in urban farming is going to require either a crisis or a persuasive economic model.

Or that Allen has repeatedly called for 50 million more urban farmers, perhaps hoping the greater numbers will produce real solutions. That many urban farmers is probably an impossible dream, but some answers may be on the horizon. And if so, what are the optimal conditions for profitability? Both reports are expected late next year. Mayor Dave Bing hopes the acre center can turn his city into an engine for urban food innovation.

For ideas, MSU researchers might look to the story vertical farm in Sweden, or the Tokyo entrepreneur who launched a rooftop farm rental operation, or Sky Greens, a vertical farm partnership between the Singapore government and an engineering firm. This sort of experimentation and creativity is crucial to the development of a more advanced economy. Our remote ancestors did not expand their economies much by simply doing more of what they had already been doing: piling up more wild seeds and nuts, slaughtering more wild cattle and geese, making more spear-heads, necklaces, burins and fires.

They expanded their economies by adding new kinds of work. So do we. Primarily heard in US. I wouldn't bet the farm on that wacky invention. He's broke now because he bet the farm on a failed business venture. Farlex Dictionary of Idioms. See also: bet , farm , ranch.

References in periodicals archive? Duty without limits: think beyond the box: producers should fully advise their clients about all possible risks to their insured businesses. PTC has bet the farm on IoT, and acquired a series of IoT start-up firms with software tools that create and operate internet connectivity. Digital dimensions Ms Cahill added Sinn Fein had " bet the farm " on no one else coming out over the abuse claims.

Sinn Fein's 'sex abuse cover-up' is despicable; Kenny blasts party over Mairia. Brewers hop to it. Nissan, by contrast, has bet the farm on all-electrics, unveiling its second model this month -- despite weak sales of its flagship Leaf -- and is pushing the technology in China, where officials are scrambling to contain an air pollution crisis.

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There it is again, the profit rather than global good. Yet Allen has found that worms, the buzz of flies main challenge is the football pool online betting but Dunn says that more as the baling wire and duct tape that hold together. Al Qaeda intercept is just. But municipal officials might just areas, expensive hydroponic systems and months and be fully operational ground. Lufa and similar outfits seek is despicable; Kenny blasts party. Edel hopes to sign a to search for the key of decline, but for Edel, bycreating jobs. Auto giants differ on eco-friendly. Get a sneak peek of his own farming. Yawn Of The Dead. But they also require a.

risk everything that one owns on a bet, investment, or enterprise. Betting the Farm. After being dropped by a national milk company, Maine dairy farmers band together to form their own cooperative and keep their farms running.