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The Economic Contribution of Forestry and Forest Products - Pike County

Publication Number: M1714
View as PDF: M1714.pdf

Pike County

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

Employment and Income Contributions

Forest-related economic activity in Pike County during 2018 generated 1,061 jobs and over $52.9 million in income. That’s about 5.2% of jobs and 7.6% 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 $234.1 million, or about 8.6% of economic output in Pike County. Forest-related value added amounted to over $93.8 million, or about 7.8% 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 $17.03 million in tax revenue for federal, state, and local governments. This represents an estimated tax revenue of $10.95 million for federal and $6.08 million for state and local governments.

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

 

Number of Jobs

% of County

Income ($)

% of County

Direct Contributions from Forest-Related Sectors

Misc. Forest Products

44

0.22

2,236,966

0.32

Logging

81

0.40

4,790,186

0.68

Solid Wood Products

356

1.75

24,242,680

3.46

Wood Furniture

16

0.08

544,300

0.08

Pulp & Paper

115

0.56

6,969,023

0.99

Subtotal

612

3.00

38,783,155

5.53

Indirect and Induced Contributions on Sectors

Misc. Services

93

0.46

2,186,125

0.31

Wholesale & Retail Trade

92

0.45

3,590,607

0.51

Misc. Manufacturing

81

0.40

1,726,140

0.25

Resource Services

47

0.23

1,508,555

0.22

Financial & Real Estate

41

0.20

1,026,629

0.15

Transport. & Comm. Services

32

0.16

1,193,497

0.17

Health Services

30

0.15

1,505,267

0.21

Domestic Services

6

0.03

381,607

0.05

Utility Services

6

0.03

409,394

0.06

Recreation & Amusement

6

0.03

36,044

0.01

Government

5

0.02

333,097

0.05

Construction

4

0.02

137,579

0.02

Education

3

0.02

64,002

0.01

Agricultural Products

1

0.01

18,318

0.00

Mining

0

0.00

15,439

0.00

Agricultural Processing

0

0.00

6,387

0.00

Petroleum & Chemicals

0

0.00

3,873

0.00

Metal Industries

0

0.00

1,669

0.00

Food Processing

0

0.00

334

0.00

Glass, Stone, & Clay

0

0.00

628

0.00

Transportation Equipment

0

0.00

101

0.00

Machinery & Equipment

0

0.00

2

0.00

Farm Inputs & Machinery

0

0.00

8

0.00

Fabric Mills & Leather

0

0.00

0

0.00

Technology Industries

0

0.00

0

0.00

Subtotal

449

2.20

14,145,302

2.02

TOTAL CONTRIBUTIONS

1,061

5.20

52,928,457

7.55

Rest of County

19,322

94.80

648,113,755

92.45

Total in County

20,383

100.00

701,042,212

100.00

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

 

Output ($)

% of County

Value Added ($)

% of County

Direct Contributions from Forest-Related Sectors

Misc. Forest Products

3,096,838

0.11

2,255,976

0.19

Logging

7,433,309

0.27

4,804,864

0.40

Solid Wood Products

114,020,283

4.17

49,407,489

4.10

Wood Furniture

2,079,268

0.08

777,423

0.06

Pulp & Paper

53,463,830

1.95

10,537,376

0.87

Subtotal

180,093,528

6.58

67,783,129

5.63

Indirect and Induced Contributions on Sectors

Misc. Services

6,932,272

0.25

3,419,158

0.28

Wholesale & Retail Trade

13,637,519

0.50

7,184,501

0.60

Misc. Manufacturing

4,672,021

0.17

1,992,634

0.17

Resource Services

1,635,127

0.06

1,279,628

0.11

Financial & Real Estate

11,043,790

0.40

5,755,835

0.48

Transport. & Comm. Services

4,480,082

0.16

1,621,892

0.13

Health Services

3,108,661

0.11

1,703,471

0.14

Domestic Services

2,366,778

0.09

966,347

0.08

Utility Services

4,172,876

0.15

1,418,831

0.12

Recreation & Amusement

201,655

0.01

92,564

0.01

Government

694,906

0.03

317,675

0.03

Construction

681,552

0.02

174,822

0.01

Education

117,467

0.00

59,520

0.00

Agricultural Products

114,724

0.00

11,442

0.00

Mining

85,353

0.00

18,125

0.00

Agricultural Processing

59,062

0.00

8,942

0.00

Petroleum & Chemicals

32,746

0.00

7,721

0.00

Metal Industries

8,747

0.00

2,233

0.00

Food Processing

1,804

0.00

533

0.00

Glass, Stone, & Clay

4,241

0.00

1,206

0.00

Transportation Equipment

721

0.00

149

0.00

Machinery & Equipment

55

0.00

2

0.00

Farm Inputs & Machinery

180

0.00

16

0.00

Fabric Mills & Leather

0

0.00

0

0.00

Technology Industries

0

0.00

0

0.00

Subtotal

54,052,341

1.97

26,037,250

2.16

TOTAL CONTRIBUTIONS

234,145,869

8.55

93,820,379

7.79

Rest of County

2,503,394,073

91.45

1,110,733,875

92.21

Total in County

2,737,539,942

100.00

1,204,554,254

100.00

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

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

Total forestland acres, 2018

169,222

Private ownership acres

169,222

Public ownership acres

0

Forestland assessed value, 2018

$12,783,365

Ad valorem tax collections from forestland, 2018

$1,745,952

Value of standing timber, 2018

$250,262,191

Value of timber harvested, 2019

$16,305,034

Timber severance tax collections (100%), 2019

$49,094

Tax to Forest Resource Development Program (80%)

$39,275

Tax returned to county government (20%)

$9,819

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.


M1714 (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- Pike 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

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