Fargreen was officially founded in Vietnam in 2015 by a Vietnamese native entrepreneur Trang Tran - Fargreen’s current CEO. Inspired to use business as a tool to sustainably solve social and environmental problems, Trang came up with Fargreen, initially a project for her MBA study at Colorado State University, USA aiming at eliminating the common practice of burning rice straw openly after harvesting in many major rice producing countries like Vietnam.
Fargreen works with the mission of building prosperous and sustainable farming communities in rural Vietnam and around the world where no such environmental damaging practices like open burning of straw exist, and no farmer is left behind in poverty for choosing to stay with their land.
Fargreen is inspired by the cradle-to-cradle approach to build a closed loop business model in which no net waste is added in the whole production process. Fargreen sets up a network of farmers who, instead of burning their own rice straw after harvesting, collect the straw and join Fargreen to produce premium edible mushrooms in an eco-friendly closed-loop system. The leftover after mushroom cultivation is recycled back to nourish the soil as bio-fertilizer for rice and vegetable crops, closing the production loop.