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The Economic Contribution of Forestry and Forest Products - Webster County

Publication Number: M1705
View as PDF: M1705.pdf

Webster County

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

Employment and Income Contributions

Forest-related economic activity in Webster County during 2018 generated 116 jobs and over $6.4 million in income. That’s about 3.2% of jobs and 6.4% 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 $12.3 million, or about 2.6% of economic output in Webster County. Forest-related value added amounted to over $7.2 million, or about 3.0% 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 $1.58 million in tax revenue for federal, state, and local governments. This represents an estimated tax revenue of $1.15 million for federal and $435,934 for state and local governments.

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

 

Number of Jobs

% of County

Income ($)

% of County

Direct Contributions from Forest-Related Sectors

Misc. Forest Products

4

0.11

94,656

0.09

Logging

79

2.17

5,614,604

5.56

Solid Wood Products

0

0.00

0

0.00

Wood Furniture

0

0.00

0

0.00

Pulp & Paper

0

0.00

0

0.00

Subtotal

83

2.28

5,709,260

5.65

Indirect and Induced Contributions on Sectors

Resource Services

7

0.20

9,269

0.01

Wholesale & Retail Trade

6

0.17

163,924

0.16

Misc. Services

6

0.16

127,241

0.13

Health Services

6

0.15

293,956

0.29

Financial & Real Estate

2

0.05

22,812

0.02

Transport. & Comm. Services

2

0.05

37,195

0.04

Misc. Manufacturing

1

0.04

49,597

0.05

Recreation & Amusement

1

0.02

2,173

0.00

Education

0

0.01

3,209

0.00

Government

0

0.01

14,685

0.01

Construction

0

0.01

7,899

0.01

Domestic Services

0

0.01

3,227

0.00

Utility Services

0

0.01

8,604

0.01

Mining

0

0.00

13

0.00

Agricultural Processing

0

0.00

132

0.00

Metal Industries

0

0.00

113

0.00

Agricultural Products

0

0.00

0

0.00

Petroleum & Chemicals

0

0.00

0

0.00

Food Processing

0

0.00

27

0.00

Glass, Stone, & Clay

0

0.00

1

0.00

Transportation Equipment

0

0.00

0

0.00

Machinery & Equipment

0

0.00

1

0.00

Fabric Mills & Leather

0

0.00

0

0.00

Technology Industries

0

0.00

0

0.00

Farm Inputs & Machinery

0

0.00

0

0.00

Subtotal

32

0.89

744,078

0.74

TOTAL CONTRIBUTIONS

116

3.17

6,453,339

6.39

Rest of County

3,532

96.83

94,541,146

93.61

Total in County

3,647

100.00

100,994,485

100.00

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

 

Output ($)

% of County

Value Added ($)

% of County

Direct Contributions from Forest-Related Sectors

Misc. Forest Products

172,797

0.04

98,318

0.04

Logging

8,183,706

1.70

5,613,448

2.32

Solid Wood Products

558,656

0.12

0

0.00

Wood Furniture

202,946

0.04

0

0.00

Pulp & Paper

0

0.00

0

0.00

Subtotal

9,118,105

1.89

5,711,766

2.36

Indirect and Induced Contributions on Sectors

Resource Services

72,140

0.01

14,852

0.01

Wholesale & Retail Trade

685,377

0.14

346,359

0.14

Misc. Services

406,980

0.08

194,514

0.08

Health Services

693,797

0.14

340,770

0.14

Financial & Real Estate

790,775

0.16

451,509

0.19

Transport. & Comm. Services

224,334

0.05

54,134

0.02

Misc. Manufacturing

135,057

0.03

64,188

0.03

Recreation & Amusement

13,862

0.00

5,641

0.00

Education

11,825

0.00

3,229

0.00

Government

26,467

0.01

11,724

0.00

Construction

42,232

0.01

10,294

0.00

Domestic Services

57,005

0.01

13,919

0.01

Utility Services

113,827

0.02

35,384

0.01

Mining

3,483

0.00

148

0.00

Agricultural Processing

1,656

0.00

155

0.00

Metal Industries

532

0.00

149

0.00

Agricultural Products

0

0.00

0

0.00

Petroleum & Chemicals

784

0.00

0

0.00

Food Processing

158

0.00

44

0.00

Glass, Stone, & Clay

10

0.00

1

0.00

Transportation Equipment

12

0.00

0

0.00

Machinery & Equipment

4

0.00

1

0.00

Fabric Mills & Leather

0

0.00

0

0.00

Technology Industries

0

0.00

0

0.00

Farm Inputs & Machinery

0

0.00

0

0.00

Subtotal

3,280,317

0.68

1,547,014

0.64

TOTAL CONTRIBUTIONS

12,398,422

2.57

7,258,779

3.00

Rest of County

469,429,722

97.43

235,088,860

97.00

Total in County

481,828,144

100.00

242,347,639

100.00

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

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

Total forestland acres, 2018

179,229

Private ownership acres

174,150

Public ownership acres

5,079

Forestland assessed value, 2018

$6,717,209

Ad valorem tax collections from forestland, 2018

$765,224

Value of standing timber, 2018

$251,667,093

Value of timber harvested, 2019

$19,230,657

Timber severance tax collections (100%), 2019

$58,141

Tax to Forest Resource Development Program (80%)

$46,513

Tax returned to county government (20%)

$11,628

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.


M1705 (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- Webster 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