Posts Tagged ‘hobby farm’

Gen Y and Rural Living: A natural fit.

December 10th, 2009

Gwendolyn Bounds’ article in the Wall Street Journal titled “Green Acres Is the Place to Be” highlighted a small but hopefully growing trend of young people who are moving to rural places.  I spotlighted Bound’s article here, and I’ve been wondering ever since, “What is really going on here?  What is it that is attracting Gen Y to rural places?  (Note: Bounds’ article focuses on urban residents called “ruralpolitans” who move to rural places, but young people appear to be a major focus of those currently moving. )

First and foremost, we need to recognize that the ruralpolitans Bounds describes are moving to rural places because they sense an opportunity for them. Brandon Peaks speaks directly to this issue in the last paragraph of the WSJ article:

“I can’t tell you how many people at work say, ‘Man, I’d like to do that,’ “Mr. Peak says.  “Everybody is looking for the next opportunity for hope.”

Peaks, an Intel Corp technician in Phoenix, sees opportunity in working with his parents on a dairy operation they recently purchased in Missouri.  It means he will escape the uncertainty of the job market in his industry, and will enable him to move from a city that has seen a major housing market collapse. (Admittedly, most of us Midwesterners probably see dairy farming a risky venture with milk prices as low as they are, but at least Peaks will be able to see his wife and children on a regular basis, something that doesn’t currently happen.)

Other rural transplants see different types of opportunities:

It is easy for urban dwellers to see these opportunities when the urban economy has tanked. Losing one’s life savings and seeing the housing market crash have a funny way of doing that. But I think it goes deeper.  Why is it specifically that Gen Y is recognizing opportunities in rural places?  To answer that I think we have to look at what experts have to say about Gen Y. 

Characteristics of Gen Y

There’s no shortage of social commentators who have created their own lists of Gen Y characteristics.  I’ve written about them myself on several occasions.  (See here and here as examples.)    What I’ve attempted below is to connect these characteristics to why people of this generation might be moving to rural places. 

Looking at the trend in this way suggests to me that the movement is about more than just a reaction to the economy.  The economy may have encouraged young people to rethink their future, but the opportunities in rural places that are attractive to Gen Y have always been there.  Perhaps they just weren’t looking. 

 

Other Resources about Gen Y

Photo Credit:  newagecrap - Flickr

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Posted in Community Development, Economic Development, Housing, In the News, Rural | Comments (3)

Look out Rural! Gen Y’s on the move

December 9th, 2009

In an article titled “Green Acres is the Place to Be,” Gwendolyn Bounds of the Wall Street Journal hints that we might expect to see a movement of Gen Y to rural places.  Motivated by an uncertain economy, the young people Bounds describes in her article are jettisoning their hectic urban lives by purchasing small tracts of land in Rural America.  They are, in Bounds’ eyes, the young modern-day equivalent of Mr. Douglas” of TV’s “Green Acres” fame

But what’s really their motivation?  Were they burned out by the fast paced Park Avenue life, like Mr. Douglas? Partly.  Several do admit to aspiring to a slower pace of life. 

But more significantly, many of these rural migrants feel burned by the Park Avenue investors who contributed to our country’s recent economy collapse by turning investment banking into something more akin to investment gambling.  If there is any single factor linking all the rural migrants together, it would have to be fear over how quickly they saw investments disappear in the recent economic recession. 

For that reason, many of the young people Bounds describes are purchasing land in rural places instead.  They see it as a more stable investment than either the stock market or the overinflated urban housing market from which they emerged. And if things go really bad, at least they’ll still be able to grow their own food.

It’s tough to tell if the people highlighted in the article suggest a growing movement or a temporary reaction, soon to reverse course.  Personally, I lean toward thinking it has a real opportunity to grow into a movement.  But then, I’ve always been known as guy who believes “the glass is half full.”

 

Photo Credit: Jakesmome - Flickr

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Posted in Agriculture, Economic Development, Gen Y, In the News, Rural, Uncategorized | Comments (0)