News Filed Under Timber Harvest
STARKVILLE, Miss. -- Forestry is the third largest agricultural commodity in Mississippi for the second straight year with a production value of nearly $1.29 billion in 2021, up 5.7% over last year.
Mississippians are exploring the relatively new and growing carbon offset market, although many issues related to this market remain under discussion. Larry Oldham, soil specialist with the Mississippi State University Extension Service, said daily, normal activities such as driving vehicles, manufacturing, industrial production and agricultural practices release carbon into the atmosphere.
Curtis VanderSchaaf joined the Mississippi State University Extension Service in the southwest region as a forestry specialist with regional and statewide duties. He also is a faculty member in the MSU Department of Forestry.
Although construction costs are through the roof timber prices have not kept pace, and Mississippi forest landowners are waiting for improved markets. Shaun Tanger, a forestry economics specialist with the Mississippi State University Extension Service, said the recent increase in construction costs is a demand-side phenomena.
Mississippi’s timber industry remained its second highest producing agricultural commodity again in 2019.
Coming in with an estimated production value of $1.15 billion, timber followed the state’s poultry industry, which generated an estimated value of $2.78 billion in 2019. Timber’s value of production is estimated by monthly severance taxes collected by the Mississippi Department of Revenue.