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The Economic Contribution of Forestry and Forest Products - Monroe County

Filed Under:
Publication Number: M1644
View as PDF: M1644.pdf

Monroe County

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

Employment and Income Contributions

Forest-related economic activity in Monroe County during 2018 generated 2,185 jobs and over $93.3 million in income. That’s about 14.9% of jobs and 14.8% 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 $396.6 million, or about 15.9% of economic output in Monroe County. Forest-related value added amounted to over $134.5million, or about 13.3% 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 $28.03 million in tax revenue for federal, state, and local governments. This represents an estimated tax revenue of $19.00 million for federal and $9.03 million for state and local governments.

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

 

Number of Jobs

% of County

Income ($)

% of County

Direct Contributions from Forest-Related Sectors

Misc. Forest Products

1

0.00

28,625

0.00

Logging

12

0.08

3,268,649

0.52

Solid Wood Products

84

0.57

5,306,649

0.84

Wood Furniture

1,507

10.25

63,544,520

10.08

Pulp & Paper

0

0.00

0

0.00

Subtotal

1,604

10.91

72,148,443

11.45

Indirect and Induced Contributions on Sectors

Wholesale & Retail Trade

157

1.07

7,633,297

1.21

Misc. Services

100

0.68

2,775,816

0.44

Misc. Manufacturing

100

0.68

2,001,294

0.32

Financial & Real Estate

66

0.45

1,242,355

0.20

Health Services

64

0.43

3,913,617

0.62

Transport. & Comm. Services

60

0.41

2,101,030

0.33

Government

6

0.04

430,772

0.07

Recreation & Amusement

6

0.04

28,999

0.00

Domestic Services

6

0.04

302,795

0.05

Construction

6

0.04

296,841

0.05

Utility Services

4

0.03

247,862

0.04

Education

4

0.02

77,284

0.01

Resource Services

3

0.02

144,172

0.02

Agricultural Products

1

0.01

8,323

0.00

Transportation Equipment

0

0.00

6,951

0.00

Metal Industries

0

0.00

8,305

0.00

Petroleum & Chemicals

0

0.00

7,727

0.00

Mining

0

0.00

2,878

0.00

Food Processing

0

0.00

817

0.00

Glass, Stone, & Clay

0

0.00

597

0.00

Machinery & Equipment

0

0.00

21

0.00

Farm Inputs & Machinery

0

0.00

9

0.00

Agricultural Processing

0

0.00

4

0.00

Technology Industries

0

0.00

0

0.00

Fabric Mills & Leather

0

0.00

0

0.00

Subtotal

581

3.95

21,231,767

3.37

TOTAL CONTRIBUTIONS

2,185

14.86

93,380,210

14.82

Rest of County

12,516

85.14

536,742,895

85.18

Total in County

14,701

100.00

630,123,105

100.00

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

 

Output ($)

% of County

Value Added ($)

% of County

Direct Contributions from Forest-Related Sectors

Misc. Forest Products

43,001

0.00

29,065

0.00

Logging

3,644,288

0.15

3,287,670

0.32

Solid Wood Products

15,900,595

0.64

7,461,935

0.74

Wood Furniture

290,653,897

11.64

83,229,339

8.23

Pulp & Paper

0

0.00

0

0.00

Subtotal

310,241,781

12.43

94,008,009

9.29

Indirect and Induced Contributions on Sectors

Wholesale & Retail Trade

29,045,630

1.16

15,264,442

1.51

Misc. Services

8,008,739

0.32

3,928,631

0.39

Misc. Manufacturing

5,978,739

0.24

2,362,763

0.23

Financial & Real Estate

18,725,848

0.75

8,523,776

0.84

Health Services

8,306,414

0.33

4,477,852

0.44

Transport. & Comm. Services

8,453,688

0.34

2,920,206

0.29

Government

783,929

0.03

528,767

0.05

Recreation & Amusement

133,654

0.01

61,042

0.01

Domestic Services

2,118,847

0.08

812,668

0.08

Construction

1,105,002

0.04

427,923

0.04

Utility Services

3,300,201

0.13

958,210

0.09

Education

161,030

0.01

70,715

0.01

Resource Services

148,235

0.01

127,591

0.01

Agricultural Products

47,392

0.00

14,596

0.00

Transportation Equipment

38,343

0.00

9,160

0.00

Metal Industries

19,643

0.00

9,192

0.00

Petroleum & Chemicals

57,857

0.00

12,844

0.00

Mining

17,217

0.00

3,336

0.00

Food Processing

2,188

0.00

938

0.00

Glass, Stone, & Clay

2,225

0.00

940

0.00

Machinery & Equipment

95

0.00

26

0.00

Farm Inputs & Machinery

174

0.00

18

0.00

Agricultural Processing

40

0.00

5

0.00

Technology Industries

4

0.00

0

0.00

Fabric Mills & Leather

0

0.00

0

0.00

Subtotal

86,455,134

3.46

40,515,641

4.00

TOTAL CONTRIBUTIONS

396,696,915

15.89

134,523,650

13.30

Rest of County

2,099,389,437

84.11

877,164,628

86.70

Total in County

2,496,086,352

100.00

1,011,688,278

100.00

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

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

Total forestland acres, 2018

293,327

Private ownership acres

277,977

Public ownership acres

15,350

Forestland assessed value, 2018

$9,475,888

Ad valorem tax collections from forestland, 2018

$1,037,325

Value of standing timber, 2018

$491,537,590

Value of timber harvested, 2019

$17,456,571

Timber severance tax collections (100%), 2019

$46,977

Tax to Forest Resource Development Program (80%)

$37,582

Tax returned to county government (20%)

$9,395

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.


M1644 (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- Monroe County

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Authors

Portrait of Dr. Shaun Tanger
Assistant Professor
Timber Taxation, Forestry Economics, Forest Management, Forest Finance
Portrait of Mr. Marc Measells
Senior Extension Associate
Portrait of Dr. James Emery Henderson
Professor and Head
Forest Economics and Management