The exponential growth of population and the consistent food demand has compelled humanity to seek alternatives to traditional farming and innovative technologies to increase production. Exploring offshore for natural resources and alleviating pressure on land has been an ongoing research field, especially in the energy and aquaculture sector. However, the idea of floating farming is still in its infancy and requires significant innovations. The work presented here shed further light on this area by proposing a comprehensive model of ‘Integrated, multicultural, Multileveled Floating Farm (MFF).’ Various aspects of planning, design, constructions and operations of such MFF are discussed. An integrated waste management system is proposed to improve sustainability. The conceptual design and associated financial analysis demonstrated that such integration of various modes of farming could be profitable and sustainable at the same time. The cost estimation and profit analysis are presented in the context of Singapore, and a conservative approach is followed for the calculation. However, the model can easily be extended for application in other countries.