There has been an unrelenting flood of news about land prices lately–moving in opposite directions, up and down at the same time–the momentum and tempo of which has been steadily increasing:
1) Foreclosures and property abandonment in cities and suburbs are at an all time high, while prices for development property/lots and single-family housing are falling (Targeted: Housing Blight ; City to develop own plan to revive neighborhoods).
2) The value of farmland is also at an all time high (largest one-year jump in 30 years, Farmland prices continue to rise; from $3500 to $4000 per acre in the past two years, Grain boom may spark rural revival; Rising prices will boost state’s economy, but consumers will have to pay more for goods).
At the same time that the city is asking “What can we do with all those abandoned homes?” (Olgen Williams, Deputy Mayor for Neighborhoods, to Star reporter Ted Evanoff), farmers are looking for land to buy or rent. As the NYTimes reports, there is big competition for new farm acreage at a time when the rest of the economy seems to be in a tail spin: “[a]t a moment when much of the country is contemplating recession, farmers are flourishing.” The 7000 foreclosures and abandonments in the city of Indianapolis alone are resulting in decreased tax base, a shortage of affordable housing (ironically), health and safety issues, crime and squatting. It seems to me that a better quality of life in city neighborhoods could be had by turning abandoned property into farmland and gardens. The good news is that agribusiness will not be able to even park, much less use, the John Deere 630T, 530 hp, with its 330 gallon fuel tank, on a lot of .1 or .3 acres. Using those city lots for urban farms and gardens would require shovels, hoes, rakes and other sustainable equipment. With “inputs” (chemical fertilizers) doubling in cost this past year, there would probably be less temptation to overuse those too.
I think the confluence of these two economic forces presents an opportunity for the niche urban micro farm.
It seems that I am not alone in thinking this is a good solution to some of our most intractable problems. Purdue Extension-Marion County announced in January that it had received a $10,000 grant from the Efroymson Fund, a CICF fund, for a pilot Urban Farm Project. In addition to problems of urban blight, The Urban Farm Project will address food insecurity on the Indianapolis near-east side. (Not far from Tumbledown Farm.) The community that this urban farm project will serve lost its only neighborhood full-service grocery store in the spring of 2007. Area food pantries have been stretched beyond their limit to respond. (As is also the case in Johnson county.) According to the extension newsletter, The Urban Farm Project “will help provide fresh produce by planting chemical-free urban gardens on two or three vacant neareastside lots. The produce generated from these lot gardens will be donated to a nearby food pantry for distribution to the community’s needy.” At the same time, the project “will also be an apprenticeship program for local high school students.” What a combination! (For more info about the Indy Urban Farm, contact Matthew Jose, Urban Garden Program Asst.)
It seems to me that this sort of model might also work in the “for-profit” world. Muhammad Yunus, Creating a World Without Poverty: Social Business and the Future of Capitalism
With food prices rising because of the spike in the cost of agribusiness commodities, I have been thinking about expanding Tumbledown Farm, ever so slightly. There is a little 40X136 lot (oh, about .13 acres, not enough for the big guys to notice, return on investment too small and too slow) about 9 miles from us that is listed with MIBOR for $2500. I bet it could be had for $2,000 in cash, and in three years could be producing $500 per year in filberts. A soil test, a little manual labor, and all the hazelnuts you can eat. (Or, for a little more time and labor, strawberries or raspberries, or vegetables of all sorts.)
What think you? Time for an urban micro farm? Want a share in this little agricultural and sociological experiment?
