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The Economic Contribution of Forestry and Forest Products - Wayne County

Publication Number: M1689
View as PDF: M1689.pdf

 

Wayne County

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

Employment and Income Contributions

Forest-related economic activity in Wayne County during 2018 generated 856 jobs and over $45.4 million in income. That’s about 10.6% of jobs and 13.9% 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 $173.4 million, or about 13.3% of economic output in Wayne County. Forest-related value added amounted to over $78.1 million, or about 14.9% 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 $14.12 million in tax revenue for federal, state, and local governments. This represents an estimated tax revenue of $9.78 million for federal and $4.34 million for state and local governments.

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

 

Number of Jobs

% of County

Income ($)

% of County

Direct Contributions from Forest-Related Sectors

Misc. Forest Products

28

0.35

1,278,571

0.39

Logging

154

1.91

4,842,215

1.48

Solid Wood Products

374

4.64

25,678,306

7.86

Wood Furniture

0

0.00

0

0.00

Pulp & Paper

0

0.00

0

0.00

Subtotal

555

6.90

31,799,092

9.73

Indirect and Induced Contributions on Sectors

Wholesale & Retail Trade

67

0.84

6,104,143

1.87

Misc. Services

66

0.83

1,451,046

0.44

Resource Services

46

0.57

1,486,188

0.45

Misc. Manufacturing

43

0.54

1,369,986

0.42

Transport. & Comm. Services

26

0.33

1,410,944

0.43

Financial & Real Estate

17

0.21

681,734

0.21

Recreation & Amusement

10

0.12

1,156

0.00

Health Services

9

0.12

415,712

0.13

Education

4

0.04

23,384

0.01

Construction

3

0.04

86,815

0.03

Utility Services

3

0.03

130,254

0.04

Government

2

0.03

129,467

0.04

Domestic Services

2

0.02

117,319

0.04

Agricultural Products

2

0.02

192,333

0.06

Mining

1

0.01

27,393

0.01

Farm Inputs & Machinery

0

0.00

4,687

0.00

Glass, Stone, & Clay

0

0.00

1,754

0.00

Food Processing

0

0.00

358

0.00

Petroleum & Chemicals

0

0.00

0

0.00

Metal Industries

0

0.00

19

0.00

Machinery & Equipment

0

0.00

31

0.00

Agricultural Processing

0

0.00

0

0.00

Fabric Mills & Leather

0

0.00

0

0.00

Technology Industries

0

0.00

0

0.00

Transportation Equipment

0

0.00

0

0.00

Subtotal

301

3.74

13,634,725

4.17

TOTAL CONTRIBUTIONS

856

10.64

45,433,817

13.90

Rest of County

7,187

89.36

281,347,523

86.10

Total in County

8,043

100.00

326,781,340

100.00

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

 

Output ($)

% of County

Value Added ($)

% of County

Direct Contributions from Forest-Related Sectors

Misc. Forest Products

1,829,941

0.14

1,292,409

0.25

Logging

9,877,214

0.76

4,803,069

0.91

Solid Wood Products

119,705,440

9.21

48,672,725

9.27

Wood Furniture

0

0.00

0

0.00

Pulp & Paper

0

0.00

0

0.00

Subtotal

131,412,595

10.11

54,768,204

10.43

Indirect and Induced Contributions on Sectors

Wholesale & Retail Trade

15,482,211

1.19

10,484,428

2.00

Misc. Services

4,203,639

0.32

2,053,345

0.39

Resource Services

1,591,299

0.12

1,244,764

0.24

Misc. Manufacturing

3,320,420

0.26

1,612,317

0.31

Transport. & Comm. Services

4,550,286

0.35

2,000,164

0.38

Financial & Real Estate

6,874,435

0.53

4,173,963

0.80

Recreation & Amusement

93,890

0.01

30,232

0.01

Health Services

827,617

0.06

463,431

0.09

Education

57,646

0.00

24,097

0.00

Construction

489,965

0.04

114,359

0.02

Utility Services

2,384,611

0.18

608,543

0.12

Government

225,397

0.02

150,825

0.03

Domestic Services

849,520

0.07

273,343

0.05

Agricultural Products

770,901

0.06

74,603

0.01

Mining

166,683

0.01

32,820

0.01

Farm Inputs & Machinery

107,052

0.01

10,885

0.00

Glass, Stone, & Clay

18,418

0.00

3,474

0.00

Food Processing

1,689

0.00

548

0.00

Petroleum & Chemicals

5,307

0.00

0

0.00

Metal Industries

282

0.00

22

0.00

Machinery & Equipment

232

0.00

69

0.00

Agricultural Processing

0

0.00

0

0.00

Fabric Mills & Leather

0

0.00

0

0.00

Technology Industries

0

0.00

0

0.00

Transportation Equipment

0

0.00

0

0.00

Subtotal

42,021,501

3.23

23,356,233

4.45

TOTAL CONTRIBUTIONS

173,434,096

13.34

78,124,437

14.88

Rest of County

1,126,922,609

86.66

446,871,946

85.12

Total in County

1,300,356,705

100.00

524,996,383

100.00

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

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

Total forestland acres, 2018

404,168

Private ownership acres

302,824

Public ownership acres

101,345

Forestland assessed value, 2018

$12,133,675

Ad valorem tax collections from forestland, 2018

$1,140,565

Value of standing timber, 2018

$628,799,099

Value of timber harvested, 2019

$30,160,863

Timber severance tax collections (100%), 2019

$109,315

Tax to Forest Resource Development Program (80%)

$87,452

Tax returned to county government (20%)

$21,863

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.

M1689 (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- Wayne 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