The story follows John Hantz and his idea that piques my interest in two different ways.

In fact, Hantz’s operation will bear little resemblance to a traditional farm. Mike Score, who recently left Michigan State’s agricultural extension program to join Hantz Farms as president, has written a business plan that calls for the deployment of the latest in farm technology, from compost-heated greenhouses to hydroponic (water only, no soil) and aeroponic (air only) growing systems designed to maximize productivity in cramped settings.

Did somebody say Hydroponic?
“Ah, now the ball’s in Farnsworth’s court!”

Even before reading this I was thinking of urban hydroponic farms. Here in SLC there is a huge parking lot taking up a full city block that is never used by more than 5-6 cars. They had to tear down a bunch of longstanding and popular bars, venues, and hangouts plus demolishing a hotel to turn it into an unused parking lot that spends all day doing nothing but heating up under the summer sun. With a moderate initial investment the same area could likely feed hundreds with fresh local produce using no more water than what we get in natural rainfall.

There is another quote in the article I’d like to point out:

This is possibly not as crazy as it sounds. Granted, the notion of devoting valuable city land to agriculture would be unfathomable in New York, London, or Tokyo. But Detroit is a special case.

Unfathomable my ass, I actually just watched a TV program from Japan that was touting urban farming in Tokyo as a modern way of making use of land in a country that has little land to spare. They referred to it more as a food factory where everything was grown under lights inside a building that for all intents and purposes from the outside looked like a 4 story factory. The idea of greenhouses in Detroit actually makes more sense, no electricity issues with lighting unless you want to extend the growing season even more than the greenhouses provide.

Detroit makes more sense for urban hydroponics, more land is going to waste and the city is desperate finding ways to make it more productive. Ideally it would be more profitable to fill the land with high density office space; but when what you have is blight, upgrading to clean farming is still a much better option.

However Hantz is a little misguided.

Hantz thinks farming could do his city a lot of good: restore big chunks of tax-delinquent, resource-draining urban blight to pastoral productivity; provide decent jobs with benefits; supply local markets and restaurants with fresh produce; attract tourists from all over the world; and — most important of all — stimulate development around the edges as the local land market tilts from stultifying abundance to something more like scarcity and investors move in.

I agree with everything there but the tourist attraction, this is a farm not Disneyland. Don’t factor tourist income into this investment in any way. But all the other benefits are spot on. Hydroponics requires an initial upfront investment which Hantz is apparently willing to pay in cash. Then it’s just a matter of monitoring the crops, harvesting, and shipping to where they’re needed. The system is incredibly low maintenance, and the land can be tied up in a productive way until the city starts growing again.

There is a second reason this article is interesting to me.

Houses in Detroit are selling for an average of $15,000.

That sounds like a buying opportunity, and in fact Detroit looks pretty good right now to a young artist or entrepreneur who can’t afford anyplace else — but not yet to an investor.

Damn straight $15,000 looks pretty good right now. I was looking at getting a condo downtown here and they wanted $250,000 for a loft! A quarter of a million dollars and you don’t even get a separate bedroom!

Hey, Mr. Hantz! You need a guy to help with your farms? I’ll start tomorrow and using the “first time home buyer” clause of the 401k I can even afford a home TODAY!
I mean Holy Cow, I can’t believe that I could be owning a car and home free and clear right now along with a steady job. All I need is enough money to buy food and utilities, anything else is icing on the cake.

The economy and the world itself are in a serious state of flux right now. That means this is the perfect time to change the status quo when it comes to our infrastructure. There is a possibility for failure but this is also the time when you can get in on the ground floor. And when it comes to investing and development there are two constants.
1. People need food to eat.
2. People need a place to live.

The situation in Detroit create a lack easily accessable #1 and an over abundance (read: cheap) of #2.