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The Economic Contribution of Forestry and Forest Products - Stone County

Publication Number: M1687
View as PDF: M1687.pdf

Stone County

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

Employment and Income Contributions

Forest-related economic activity in Stone County during 2018 generated 910 jobs and over $44.2 million in income. That’s about 13.7% of jobs and 19.5% 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 $253.5 million, or about 29.0% of economic output in Stone County. Forest-related value added amounted to over $91.4 million, or about 22.3% 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 $15.17 million in tax revenue for federal, state, and local governments. This represents an estimated tax revenue of $9.56 million for federal and $5.61 million for state and local governments.

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

 

Number of Jobs

% of County

Income ($)

% of County

Direct Contributions from Forest-Related Sectors

Misc. Forest Products

4

0.06

143,466

0.06

Logging

193

2.91

8,010,670

3.53

Solid Wood Products

346

5.22

21,330,909

9.39

Wood Furniture

2

0.03

287,150

0.13

Pulp & Paper

97

1.46

5,982,665

2.63

Subtotal

642

9.67

35,754,860

15.74

Indirect and Induced Contributions on Sectors

Misc. Services

54

0.81

1,148,748

0.51

Misc. Manufacturing

49

0.75

859,764

0.38

Wholesale & Retail Trade

47

0.70

1,511,174

0.67

Transport. & Comm. Services

31

0.47

1,302,049

0.57

Resource Services

28

0.41

989,330

0.44

Financial & Real Estate

17

0.25

424,916

0.19

Health Services

17

0.25

920,799

0.41

Utility Services

9

0.13

801,170

0.35

Construction

5

0.07

119,052

0.05

Recreation & Amusement

4

0.06

21,421

0.01

Government

3

0.05

250,667

0.11

Domestic Services

2

0.03

66,347

0.03

Education

2

0.02

92,529

0.04

Agricultural Products

1

0.02

32,416

0.01

Mining

0

0.00

462

0.00

Metal Industries

0

0.00

1,899

0.00

Food Processing

0

0.00

186

0.00

Machinery & Equipment

0

0.00

17

0.00

Glass, Stone, & Clay

0

0.00

13

0.00

Transportation Equipment

0

0.00

213

0.00

Agricultural Processing

0

0.00

0

0.00

Fabric Mills & Leather

0

0.00

0

0.00

Petroleum & Chemicals

0

0.00

0

0.00

Farm Inputs & Machinery

0

0.00

0

0.00

Technology Industries

0

0.00

0

0.00

Subtotal

269

4.05

8,543,173

3.76

TOTAL CONTRIBUTIONS

910

13.72

44,298,032

19.50

Rest of County

5,725

86.28

182,889,581

80.50

Total in County

6,635

100.00

227,187,613

100.00

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

 

Output ($)

% of County

Value Added ($)

% of County

Direct Contributions from Forest-Related Sectors

Misc. Forest Products

216,293

0.02

145,728

0.04

Logging

14,195,451

1.62

7,851,312

1.91

Solid Wood Products

128,855,487

14.74

50,512,141

12.30

Wood Furniture

570,417

0.07

289,168

0.07

Pulp & Paper

69,898,918

7.99

14,785,575

3.60

Subtotal

213,736,566

24.44

73,583,924

17.92

Indirect and Induced Contributions on Sectors

Misc. Services

3,516,037

0.40

1,757,712

0.43

Misc. Manufacturing

2,588,560

0.30

955,525

0.23

Wholesale & Retail Trade

5,874,549

0.67

3,017,956

0.73

Transport. & Comm. Services

4,467,256

0.51

1,670,587

0.41

Resource Services

1,068,088

0.12

860,507

0.21

Financial & Real Estate

6,917,522

0.79

4,171,078

1.02

Health Services

1,901,147

0.22

980,445

0.24

Utility Services

10,686,319

1.22

3,431,170

0.84

Construction

733,646

0.08

163,507

0.04

Recreation & Amusement

90,974

0.01

43,228

0.01

Government

824,064

0.09

455,526

0.11

Domestic Services

887,612

0.10

244,061

0.06

Education

120,263

0.01

81,142

0.02

Agricultural Products

48,553

0.01

13,955

0.00

Mining

59,107

0.01

2,768

0.00

Metal Industries

9,435

0.00

2,203

0.00

Food Processing

1,290

0.00

299

0.00

Machinery & Equipment

482

0.00

22

0.00

Glass, Stone, & Clay

400

0.00

20

0.00

Transportation Equipment

606

0.00

217

0.00

Agricultural Processing

0

0.00

0

0.00

Fabric Mills & Leather

0

0.00

0

0.00

Petroleum & Chemicals

0

0.00

0

0.00

Farm Inputs & Machinery

0

0.00

0

0.00

Technology Industries

0

0.00

0

0.00

Subtotal

39,795,911

4.55

17,851,926

4.35

TOTAL CONTRIBUTIONS

253,532,477

28.99

91,435,850

22.26

Rest of County

620,902,962

71.01

319,243,166

77.74

Total in County

874,435,439

100.00

410,679,016

100.00

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

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

Total forestland acres, 2018

247,411

Private ownership acres

183,976

Public ownership acres

63,435

Forestland assessed value, 2018

$5,960,545

Ad valorem tax collections from forestland, 2018

$1,052,513

Value of standing timber, 2018

$267,404,809

Value of timber harvested, 2019

$10,808,215

Timber severance tax collections (100%), 2019

$39,945

Tax to Forest Resource Development Program (80%)

$31,956

Tax returned to county government (20%)

$7,989

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.


M1687 (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- Stone 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