AppHarvest lands $50M in funding for high-tech Kentucky farm

AppHarvest has landed $50 million to support the development of its high-tech indoor berry farm in Somerset, Kentucky. The agritech company, based in Morehead, Kentucky, secured the fresh funding in the form of two loans guaranteed by the United States Department of Agriculture (USDA) through Greater Commercial Lending (GCL), a subsidiary of Greater Nevada Credit Union, according to a news release. The new farm is about 80% complete and is expected to be operational by the end of the year. “Securing…