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The Economic Contributions of Forestry and Forest Products - Carroll County

Publication Number: M1665
View as PDF: M1665.pdf

Carroll County

Forestry and forest products are a major component of Carroll County’s economy. Forest-related economic sectors generate value not only within the forest-related sectors but also in other sectors of the economy. The economic contributions of forest-related sectors and their contributions on other sectors can be estimated using input-output analysis. Using 2018 data, this study estimates the total economic contributions of forestry and the forest products industry to Carroll County, Mississippi.

Employment and Income Contributions

Forest-related economic activity in Carroll County during 2018 generated 133 jobs and over $9.0 million in income. That’s about 4.7% of jobs and 11.2% of income in the county. Employment is the number of full- and part-time jobs in all sectors of the economy. Income includes all forms of employment income, including employee compensation (wages and benefits) and proprietor income, also referred to as labor income.

Total Output and Value Added Contributions

Forestry and the forest products industry generated over $19.7 million, or about 5.5% of economic output in Carroll County. Forest-related value added amounted to over $10.7 million, or about 6.4% of all value added in the county. The value of all goods and services produced is defined as total output. Value added is a portion of total output and represents the creation of new wealth.

Tax Contributions

Forest-related economic activity contributed an estimated $1.91 million in tax revenue for federal, state, and local governments. This represents an estimated tax revenue of $1.35 million for federal and $560,898 for state and local governments.

Contributions from forest-related sectors on employment and income in Carroll County, Mississippi, 2018.

 

Number of Jobs

% of County

Income ($)

% of County

Direct Contributions from Forest-Related Sectors

Misc. Forest Products

3

0.10

83,907

0.10

Logging

53

1.87

6,048,937

7.49

Solid Wood Products

11

0.40

365,981

0.45

Wood Furniture

28

1.00

960,095

1.19

Pulp & Paper

3

0.10

429,096

0.53

Subtotal

98

3.47

7,888,016

9.77

Indirect and Induced Contributions on Sectors

Resource Services

12

0.44

594,497

0.74

Wholesale & Retail Trade

6

0.21

119,731

0.15

Misc. Manufacturing

5

0.19

65,392

0.08

Transport. & Comm. Services

3

0.11

52,648

0.07

Financial & Real Estate

3

0.09

35,165

0.04

Misc. Services

3

0.09

125,948

0.16

Health Services

1

0.03

90,145

0.11

Education

1

0.03

16,208

0.02

Agricultural Products

1

0.02

0

0.00

Domestic Services

0

0.01

0

0.00

Construction

0

0.01

13,372

0.02

Recreation & Amusement

0

0.01

1,961

0.00

Utility Services

0

0.01

9,895

0.01

Government

0

0.01

11,585

0.01

Transportation Equipment

0

0.00

343

0.00

Metal Industries

0

0.00

163

0.00

Food Processing

0

0.00

11

0.00

Glass, Stone, & Clay

0

0.00

0

0.00

Farm Inputs & Machinery

0

0.00

2

0.00

Mining

0

0.00

0

0.00

Agricultural Processing

0

0.00

0

0.00

Fabric Mills & Leather

0

0.00

0

0.00

Petroleum & Chemicals

0

0.00

0

0.00

Machinery & Equipment

0

0.00

0

0.00

Technology Industries

0

0.00

0

0.00

Subtotal

36

1.26

1,137,068

1.41

TOTAL CONTRIBUTIONS

133

4.73

9,025,084

11.18

Rest of County

2,690

95.27

71,682,217

88.82

Total in County

2,824

100.00

80,707,301

100.00

Contributions from forest-related sectors on total output and value added in Carroll County, Mississippi, 2018.

 

Output ($)

% of County

Value Added ($)

% of County

Direct Contributions from Forest-Related Sectors

Misc. Forest Products

141,729

0.04

86,328

0.05

Logging

7,771,235

2.14

6,099,200

3.64

Solid Wood Products

2,405,191

0.66

695,412

0.42

Wood Furniture

3,446,133

0.95

1,121,715

0.67

Pulp & Paper

2,175,028

0.60

701,071

0.42

Subtotal

15,939,316

4.40

8,703,726

5.20

Indirect and Induced Contributions on Sectors

Resource Services

611,613

0.17

519,222

0.31

Wholesale & Retail Trade

683,500

0.19

299,260

0.18

Misc. Manufacturing

280,207

0.08

80,567

0.05

Transport. & Comm. Services

359,027

0.10

73,591

0.04

Financial & Real Estate

1,202,216

0.33

705,244

0.42

Misc. Services

233,074

0.06

153,260

0.09

Health Services

111,085

0.03

88,456

0.05

Education

23,253

0.01

15,048

0.01

Agricultural Products

96,004

0.03

29,078

0.02

Domestic Services

61,691

0.02

14,680

0.01

Construction

65,422

0.02

18,242

0.01

Recreation & Amusement

27,379

0.01

5,404

0.00

Utility Services

87,724

0.02

31,269

0.02

Government

13,414

0.00

11,596

0.01

Transportation Equipment

1,839

0.00

361

0.00

Metal Industries

728

0.00

171

0.00

Food Processing

356

0.00

37

0.00

Glass, Stone, & Clay

57

0.00

1

0.00

Farm Inputs & Machinery

56

0.00

5

0.00

Mining

1

0.00

0

0.00

Agricultural Processing

0

0.00

0

0.00

Fabric Mills & Leather

0

0.00

0

0.00

Petroleum & Chemicals

0

0.00

0

0.00

Machinery & Equipment

0

0.00

0

0.00

Technology Industries

0

0.00

0

0.00

Subtotal

3,858,646

1.06

2,045,492

1.22

TOTAL CONTRIBUTIONS

19,797,962

5.46

10,749,218

6.42

Rest of County

342,858,202

94.54

156,712,847

93.58

Total in County

362,656,164

100.00

167,462,065

100.00

Economic contributions developed using 2018 IMPLAN® software and data (reported in 2020 dollars).

Carroll County forestland acreage, ownership, value, and taxes collected.

Total forestland acres, 2018

312,193

Private ownership acres

312,193

Public ownership acres

0

Forestland assessed value, 2018

$9,490,811

Ad valorem tax collections from forestland, 2018

$998,528

Value of standing timber, 2018

$525,488,709

Value of timber harvested, 2019

$17,124,178

Timber severance tax collections (100%), 2019

$46,430

Tax to Forest Resource Development Program (80%)

$37,144

Tax returned to county government (20%)

$9,286

Sources: Forestland ownership, acreage, and timber volumes were estimated using the USDA Forest Service, Forest Inventory and Analysis Program, Forest Inventory EVALIDator web application Version 1.8.0.01. Tax collections according to Mississippi Tax Commission and Mississippi Department of Revenue. Timber harvest values according to the Mississippi Harvest of Forest Products Report.


M1665 (100-11-20)

By Shaun M. Tanger, PhD, Assistant Extension Professor, Forestry; Marcus K. Measells, MS, Senior Extension Associate, Forestry; James E. Henderson, PhD, Extension Professor and Head, Coastal Research and Extension Center; and Ian A. Munn, PhD, Associate Dean and Professor, Forestry.

Copyright 2020 by Mississippi State University. All rights reserved. This publication may be copied and distributed without alteration for nonprofit educational purposes provided that credit is given to the Mississippi State University Extension Service.

Produced by Agricultural Communications.

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Extension Service of Mississippi State University, cooperating with U.S. Department of Agriculture. Published in furtherance of Acts of Congress, May 8 and June 30, 1914. GARY B. JACKSON, Director

Department: MSU Extension- Carroll County
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Authors

Portrait of Dr. James Emery Henderson
Professor and Head
Forest Economics and Management