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The Economic Contributions of Forestry and Forest Products – Yazoo County

Publication Number: M1708
View as PDF: M1708.pdf

Yazoo County

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

Employment and Income Contributions

Forest-related economic activity in Yazoo County during 2018 generated 102 jobs and over $6.5 million in income. That’s about 1.0% of jobs and 1.7% 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 $21.1 million, or about 1.3% of economic output in Yazoo County. Forest-related value added amounted to over $9.4 million, or about 1.3% 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 $1.32 million in tax revenue for federal, state, and local governments. This represents an estimated tax revenue of $874,942 for federal and $448,017 for state and local governments.

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

 

Number of Jobs

% of County

Income ($)

% of County

Direct Contributions from Forest-Related Sectors

Misc. Forest Products

1

0.01

41,805

0.01

Logging

36

0.37

1,925,116

0.49

Solid Wood Products

30

0.30

1,591,098

0.40

Wood Furniture

1

0.01

675,021

0.17

Pulp & Paper

7

0.07

1,348,061

0.34

Subtotal

76

0.77

5,581,100

1.41

Indirect and Induced Contributions on Sectors

Misc. Services

6

0.06

146,232

0.04

Resource Services

5

0.05

234,467

0.06

Wholesale & Retail Trade

4

0.04

193,776

0.05

Financial & Real Estate

2

0.02

43,235

0.01

Transport. & Comm. Services

2

0.02

51,679

0.01

Misc. Manufacturing

2

0.02

70,186

0.02

Health Services

2

0.02

106,523

0.03

Utility Services

0

0.00

32,015

0.01

Government

0

0.00

28,827

0.01

Construction

0

0.00

9,198

0.00

Agricultural Products

0

0.00

1,774

0.00

Domestic Services

0

0.00

11,593

0.00

Recreation & Amusement

0

0.00

1,892

0.00

Education

0

0.00

4,995

0.00

Mining

0

0.00

401

0.00

Petroleum & Chemicals

0

0.00

846

0.00

Farm Inputs & Machinery

0

0.00

343

0.00

Food Processing

0

0.00

38

0.00

Glass, Stone, & Clay

0

0.00

42

0.00

Metal Industries

0

0.00

0

0.00

Transportation Equipment

0

0.00

8

0.00

Machinery & Equipment

0

0.00

0

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

Subtotal

26

0.26

938,071

0.24

TOTAL CONTRIBUTIONS

102

1.03

6,519,171

1.65

Rest of County

9,762

98.97

389,724,783

98.35

Total in County

9,864

100.00

396,243,954

100.00

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

 

Output ($)

% of County

Value Added ($)

% of County

Direct Contributions from Forest-Related Sectors

Misc. Forest Products

60,589

0.00

42,288

0.01

Logging

3,132,248

0.20

1,940,694

0.27

Solid Wood Products

7,712,339

0.49

2,914,229

0.40

Wood Furniture

861,742

0.05

676,330

0.09

Pulp & Paper

6,109,872

0.39

2,194,626

0.30

Subtotal

17,876,789

1.13

7,768,165

1.07

Indirect and Induced Contributions on Sectors

Misc. Services

410,473

0.03

213,070

0.03

Resource Services

245,880

0.02

205,925

0.03

Wholesale & Retail Trade

637,941

0.04

361,287

0.05

Financial & Real Estate

721,674

0.05

369,997

0.05

Transport. & Comm. Services

260,880

0.02

67,694

0.01

Misc. Manufacturing

149,508

0.01

72,488

0.01

Health Services

218,807

0.01

116,889

0.02

Utility Services

300,825

0.02

106,882

0.01

Government

122,793

0.01

62,071

0.01

Construction

56,368

0.00

13,044

0.00

Agricultural Products

43,190

0.00

14,492

0.00

Domestic Services

100,560

0.01

35,676

0.00

Recreation & Amusement

8,627

0.00

3,989

0.00

Education

6,008

0.00

4,497

0.00

Mining

9,933

0.00

865

0.00

Petroleum & Chemicals

9,940

0.00

2,105

0.00

Farm Inputs & Machinery

3,278

0.00

658

0.00

Food Processing

322

0.00

54

0.00

Glass, Stone, & Clay

300

0.00

82

0.00

Metal Industries

467

0.00

0

0.00

Transportation Equipment

38

0.00

8

0.00

Machinery & Equipment

5

0.00

0

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

Subtotal

3,307,817

0.21

1,651,774

0.23

TOTAL CONTRIBUTIONS

21,184,605

1.34

9,419,939

1.30

Rest of County

1,555,983,436

98.66

714,342,282

98.70

Total in County

1,577,168,041

100.00

723,762,221

100.00

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

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

Total forestland acres, 2018

299,903

Private ownership acres

239,802

Public ownership acres

60,102

Forestland assessed value, 2018

$11,727,590

Ad valorem tax collections from forestland, 2018

$1,328,267

Value of standing timber, 2018

$497,971,358

Value of timber harvested, 2019

$12,735,854

Timber severance tax collections (100%), 2019

$24,786

Tax to Forest Resource Development Program (80%)

$19,829

Tax returned to county government (20%)

$4,957

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.


M1708 (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.

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