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The Economic Contributions of Forestry and Forest Products - Forrest County

Publication Number: M1671
View as PDF: M1671.pdf

Forrest County

Forestry and forest products are a major component of Forrest 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 Forrest County, Mississippi.

Employment and Income Contributions

Forest-related economic activity in Forrest County during 2018 generated 1,195 jobs and over $56.4 million in income. That’s about 2.1% of jobs and 2.2% 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 $429.0 million, or about 5.2% of economic output in Forrest County. Forest-related value added amounted to over $131.9 million, or about 3.2% 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 $20.38 million in tax revenue for federal, state, and local governments. This represents an estimated tax revenue of $11.28 million for federal and $9.10 million for state and local governments.

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

 

Number of Jobs

% of County

Income ($)

% of County

Direct Contributions from Forest-Related Sectors

Misc. Forest Products

16

0.03

622,500

0.02

Logging

101

0.18

2,546,234

0.10

Solid Wood Products

102

0.18

4,385,796

0.17

Wood Furniture

0

0.00

0

0.00

Pulp & Paper

417

0.74

22,193,062

0.86

Subtotal

637

1.14

29,747,592

1.15

Indirect and Induced Contributions on Sectors

Wholesale & Retail Trade

152

0.27

7,477,233

0.29

Misc. Manufacturing

136

0.24

5,948,257

0.23

Misc. Services

97

0.17

2,958,871

0.11

Financial & Real Estate

54

0.10

2,118,416

0.08

Transport. & Comm. Services

48

0.08

3,233,067

0.12

Resource Services

20

0.04

1,363,897

0.05

Health Services

18

0.03

1,460,339

0.06

Domestic Services

8

0.02

562,645

0.02

Utility Services

6

0.01

625,511

0.02

Government

5

0.01

431,782

0.02

Construction

5

0.01

245,828

0.01

Education

4

0.01

147,155

0.01

Recreation & Amusement

3

0.01

52,013

0.00

Agricultural Products

1

0.00

3,469

0.00

Petroleum & Chemicals

0

0.00

37,842

0.00

Agricultural Processing

0

0.00

8,354

0.00

Mining

0

0.00

5,532

0.00

Food Processing

0

0.00

8,004

0.00

Metal Industries

0

0.00

3,877

0.00

Glass, Stone, & Clay

0

0.00

2,903

0.00

Machinery &Equipment

0

0.00

1,101

0.00

Farm Inputs & Machinery

0

0.00

878

0.00

Transportation Equipment

0

0.00

25

0.00

Technology Industries

0

0.00

18

0.00

Fabric Mills & Leather

0

0.00

0

0.00

Subtotal

558

1.00

26,697,019

1.03

TOTAL CONTRIBUTIONS

1,195

2.13

56,444,611

2.17

Rest of County

54,882

97.87

2,538,904,243

97.83

Total in County

56,077

100.00

2,595,348,854

100.00

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

 

Output ($)

% of County

Value Added ($)

% of County

Direct Contributions from Forest-Related Sectors

Misc. Forest Products

948,539

0.01

633,538

0.02

Logging

5,948,198

0.07

2,613,772

0.06

Solid Wood Products

43,803,221

0.53

16,004,264

0.39

Wood Furniture

0

0.00

0

0.00

Pulp & Paper

290,967,705

3.50

68,377,790

1.65

Subtotal

341,667,663

4.11

87,629,364

2.12

Indirect and Induced Contributions on Sectors

Wholesale & Retail Trade

26,179,986

0.31

12,954,278

0.31

Misc. Manufacturing

12,968,835

0.16

7,034,990

0.17

Misc. Services

8,152,158

0.10

4,322,707

0.10

Financial & Real Estate

14,762,332

0.18

7,414,214

0.18

Transport. & Comm. Services

9,421,242

0.11

4,657,411

0.11

Resource Services

1,307,495

0.02

1,159,098

0.03

Health Services

2,515,836

0.03

1,662,735

0.04

Domestic Services

3,289,886

0.04

1,558,556

0.04

Utility Services

5,776,385

0.07

2,254,440

0.05

Government

940,456

0.01

577,698

0.01

Construction

927,659

0.01

331,969

0.01

Education

273,527

0.00

169,729

0.00

Recreation & Amusement

284,700

0.00

104,091

0.00

Agricultural Products

44,317

0.00

10,454

0.00

Petroleum & Chemicals

265,956

0.00

70,296

0.00

Agricultural Processing

82,114

0.00

13,289

0.00

Mining

39,627

0.00

6,759

0.00

Food Processing

61,236

0.00

14,303

0.00

Metal Industries

13,407

0.00

5,123

0.00

Glass, Stone, & Clay

17,338

0.00

5,302

0.00

Machinery &Equipment

12,544

0.00

2,300

0.00

Farm Inputs & Machinery

21,715

0.00

2,388

0.00

Transportation Equipment

143

0.00

30

0.00

Technology Industries

151

0.00

24

0.00

Fabric Mills & Leather

0

0.00

0

0.00

Subtotal

87,359,044

1.05

44,332,182

1.07

TOTAL CONTRIBUTIONS

429,026,707

5.16

131,961,547

3.19

Rest of County

7,883,299,511

94.84

4,002,098,316

96.81

Total in County

8,312,326,218

100.00

4,134,059,863

100.00

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

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

Total forestland acres, 2018

207,500

Private ownership acres

149,602

Public ownership acres

57,897

Forestland assessed value, 2018

$7,049,327

Ad valorem tax collections from forestland, 2018

$855,154

Value of standing timber, 2018

$248,486,556

Value of timber harvested, 2019

$6,022,611

Timber severance tax collections (100%), 2019

$23,586

Tax to Forest Resource Development Program (80%)

$18,869

Tax returned to county government (20%)

$4,717

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.


M1671 (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- Forrest County
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Authors

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