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The Economic Contribution of Forestry and Forest Products - Chickasaw County

Filed Under:
Publication Number: M1666
View as PDF: M1666.pdf

Forestry and forest products are important to Chickasaw County’s economy. They contribute to many sectors of the economy. The economic contribution of forest-related sectors and their impacts on other sectors can be estimated using input-output analysis. Using 2013 data, this study estimates the total economic contribution of forestry and the forest products industry to Chickasaw County, Mississippi.

EMPLOYMENT AND INCOME IMPACTS

Forest-related economic activity in Chickasaw County during 2013 generated 3,797 jobs and over $148 million in income. That’s about 45% of jobs and 50% of income in the county. Employment is the number of full- and part-time jobs in all sectors of the economy. Income is salaries and wages paid to employees.

TOTAL OUTPUT AND VALUE ADDED IMPACTS

Forestry and the forest products industry generated more than $598 million, or about 50% of economic output, in Chickasaw County. Forest-related value added amounted to more than $186 million, or about 42% 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 IMPACTS

Forest-related economic activity contributed an estimated $45.2 million in tax revenue for federal, state, and local governments. This total includes tax revenue of $30.3 million for federal and $14.9 million for state and local governments.

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Department: MSU Extension- Chickasaw County

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