How does timber rank among Mississippi's agricultural crops?
In 2007, timber was ranked as the second leading agricultural crop in Mississippi, next to poultry, which was valued at about $2.33 billion. Timber has consistently ranked first or second in production value in Mississippi since about 1988.
RAYMOND, Miss. -- New landowners can learn about managing timberland for profit during a five-part short course in May.
Forestland as an Investment will be offered May 2, 9, 16, 23 and 30 at the Mississippi State University Extension Service office in Forrest County. It starts at 6 p.m. and ends at 8 p.m. each night. The Extension office is located at 952 Sullivan Drive in Hattiesburg.
MISSISSIPPI STATE -- Markets for Mississippi’s sawtimber and pulpwood are bouncing back from the economic recession, but the industry is not improving across the board.
“Slowly but surely, markets for sawtimber are beginning to grow again after the sharp declines seen after the collapse of the U.S. housing market and the ensuing recession,” said James Henderson, associate Extension professor of forestry at Mississippi State University. “But the closing of the International Paper mill in Courtland, Ala. will have an impact on north Mississippi’s pulpwood markets.”
MISSISSIPPI STATE – Mississippi’s forest products bounced back into the No. 2 spot in the state’s list of agricultural commodities based on annual production values.
James Henderson, associate Extension professor in the Mississippi State University College of Forest Resources, estimated the state’s forest products 2013 harvest value to be $1.17 billion, compared to the 2012 value of $1.02 billion. That is a 14.6 percent increase over the 2012 harvest. Final figures will be available in February.
MISSISSIPPI STATE – The Mississippi State University Extension Service will offer timber tax workshops Feb. 28 in Raymond, March 1 in Coffeeville and March 29 in Oxford.
Landowners, certified accountants, consulting foresters and loggers are invited to participate in the Income Taxes and Family Forest short course. Topics include changes to capital gains tax law, basics of basis, record keeping, timber sales income, recovery of reforestation costs, casualty losses, strategic tax planning, tax forms and information sources.
MISSISSIPPI STATE – It’s not the heat or drought but the economy, specifically poor housing starts, that are causing grief for Mississippi’s forestry industry in 2011.
James Henderson, forestry economist and management specialist with the Mississippi State University Extension Service, said the slow economy is hurting the industry.
“There’s no good news for the pulpwood markets, and pine saw timber prices are the lowest they’ve been since the national housing construction downturn started in 2006,” Henderson said.