The article discusses the prospects of creating vertical farms as a modern eco-friendly solution to increase the productivity of the agro-industrial complex. Throughout the work, the authors justify the need to switch from the old model of food security to a new one, which is based on innovative agricultural technologies. In particular, the nature of vertical farms, their organization models, as well as their relevance for the “smart city” concept are considered. The paper discusses the ecosystem of vertical farms and the role of various stakeholders. The importance of vertical farms for digital transformation of agriculture is demonstrated.