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The Economic Contributions of Forestry and Forest Products - Holmes County

Publication Number: M1723
View as PDF: M1723.pdf

Holmes County

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

Employment and Income Contributions

Forest-related economic activity in Holmes County during 2018 generated 207 jobs and over $8.0 million in income. That’s about 3.4% of jobs and 4.7% 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 $65.3 million, or about 8.3% of economic output in Holmes County. Forest-related value added amounted to over $16.5 million, or about 4.8% 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 $2.91 million in tax revenue for federal, state, and local governments. This represents an estimated tax revenue of $1.63 million for federal and $1.28 million for state and local governments.

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

 

Number of Jobs

% of County

Income ($)

% of County

Direct Contributions from Forest-Related Sectors

Misc. Forest Products

9

0.14

268,839

0.16

Logging

48

0.79

1,408,149

0.82

Solid Wood Products

7

0.11

35,078

0.02

Wood Furniture

0

0.00

0

0.00

Pulp & Paper

72

1.19

4,798,406

2.80

Subtotal

135

2.24

6,510,472

3.80

Indirect and Induced Contributions on Sectors

Misc. Manufacturing

22

0.37

249,326

0.15

Transport. & Comm. Services

12

0.20

164,371

0.10

Resource Services

10

0.16

292,361

0.17

Misc. Services

9

0.15

312,365

0.18

Wholesale & Retail Trade

7

0.12

213,994

0.12

Financial & Real Estate

3

0.05

100,513

0.06

Utility Services

2

0.03

35,847

0.02

Health Services

2

0.03

75,676

0.04

Domestic Services

1

0.02

37,305

0.02

Construction

1

0.01

26,205

0.02

Agricultural Products

1

0.01

1,325

0.00

Education

0

0.01

4,033

0.00

Mining

0

0.01

257

0.00

Government

0

0.00

22,514

0.01

Recreation & Amusement

0

0.00

1,019

0.00

Glass, Stone, & Clay

0

0.00

670

0.00

Metal Industries

0

0.00

423

0.00

Farm Inputs & Machinery

0

0.00

230

0.00

Petroleum & Chemicals

0

0.00

0

0.00

Transportation Equipment

0

0.00

10

0.00

Machinery & Equipment

0

0.00

53

0.00

Food Processing

0

0.00

11

0.00

Agricultural Processing

0

0.00

0

0.00

Fabric Mills & Leather

0

0.00

0

0.00

Technology Industries

0

0.00

0

0.00

Subtotal

71

1.18

1,538,508

0.90

TOTAL CONTRIBUTIONS

207

3.43

8,048,980

4.70

Rest of County

5,824

96.57

163,245,209

95.30

Total in County

6,031

100.00

171,294,189

100.00

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

 

Output ($)

% of County

Value Added ($)

% of County

Direct Contributions from Forest-Related Sectors

Misc. Forest Products

442,424

0.06

277,118

0.08

Logging

3,049,659

0.39

1,470,137

0.43

Solid Wood Products

1,487,905

0.19

116,067

0.03

Wood Furniture

0

0.00

0

0.00

Pulp & Paper

52,818,784

6.68

11,827,157

3.46

Subtotal

57,798,773

7.31

13,690,479

4.00

Indirect and Induced Contributions on Sectors

Misc. Manufacturing

1,014,565

0.13

295,711

0.09

Transport. & Comm. Services

1,336,623

0.17

219,051

0.06

Resource Services

320,037

0.04

246,715

0.07

Misc. Services

824,441

0.10

475,413

0.14

Wholesale & Retail Trade

1,125,439

0.14

620,853

0.18

Financial & Real Estate

1,052,699

0.13

603,350

0.18

Utility Services

1,078,683

0.14

187,207

0.05

Health Services

159,823

0.02

80,347

0.02

Domestic Services

263,428

0.03

41,215

0.01

Construction

141,197

0.02

34,217

0.01

Agricultural Products

97,505

0.01

29,860

0.01

Education

11,449

0.00

3,967

0.00

Mining

95,254

0.01

3,995

0.00

Government

25,763

0.00

22,534

0.01

Recreation & Amusement

4,838

0.00

2,336

0.00

Glass, Stone, & Clay

5,415

0.00

1,277

0.00

Metal Industries

1,222

0.00

434

0.00

Farm Inputs & Machinery

4,251

0.00

444

0.00

Petroleum & Chemicals

0

0.00

0

0.00

Transportation Equipment

293

0.00

13

0.00

Machinery & Equipment

338

0.00

103

0.00

Food Processing

84

0.00

17

0.00

Agricultural Processing

0

0.00

0

0.00

Fabric Mills & Leather

0

0.00

0

0.00

Technology Industries

0

0.00

0

0.00

Subtotal

7,563,349

0.96

2,869,060

0.84

TOTAL CONTRIBUTIONS

65,362,122

8.27

16,559,538

4.84

Rest of County

725,080,977

91.73

325,345,296

95.16

Total in County

790,443,099

100.00

341,904,834

100.00

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

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

Total forestland acres, 2018

363,842

Private ownership acres

345,744

Public ownership acres

18,098

Forestland assessed value, 2018

$9,685,313

Ad valorem tax collections from forestland, 2018

$1,494,153

Value of standing timber, 2018

$498,896,765

Value of timber harvested, 2019

$13,498,378

Timber severance tax collections (100%), 2019

$36,508

Tax to Forest Resource Development Program (80%)

$29,206

Tax returned to county government (20%)

$7,302

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.


M1723 (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.

Department: MSU Extension- Holmes County
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