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The Economic Contributions of Forestry and Forest Products - Itawamba County

Publication Number: M1770
View as PDF: M1770.pdf

Itawamba County

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

Employment and Income Contributions

Forest-related economic activity in Itawamba County during 2018 generated 898 jobs and over $38.4 million in income. That’s about 10.4% of jobs and 11.3% 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 $155.8 million, or about 9.0% of economic output in Itawamba County. Forest-related value added amounted to over $53.1 million, or about 9.6% 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 $10.66 million in tax revenue for federal, state, and local governments. This represents an estimated tax revenue of $7.47 million for federal and $3.19 million for state and local governments.

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

 

Number of Jobs

% of County

Income ($)

% of County

Direct Contributions from Forest-Related Sectors

Misc. Forest Products

1

0.01

26,546

0.01

Logging

87

1.01

4,269,966

1.25

Solid Wood Products

62

0.72

2,591,728

0.76

Wood Furniture

580

6.74

26,170,858

7.69

Pulp & Paper

0

0.00

0

0.00

Subtotal

730

8.47

33,059,098

9.72

Indirect and Induced Contributions on Sectors

Misc. Services

44

0.50

954,976

0.28

Wholesale & Retail Trade

40

0.47

1,451,962

0.43

Misc. Manufacturing

25

0.29

614,467

0.18

Transport. & Comm. Services

19

0.22

886,211

0.26

Financial & Real Estate

15

0.18

354,341

0.10

Health Services

8

0.09

477,528

0.14

Resource Services

3

0.04

21,587

0.01

Government

3

0.03

185,326

0.05

Construction

3

0.03

125,641

0.04

Agricultural Products

3

0.03

42,920

0.01

Utility Services

2

0.03

154,424

0.05

Domestic Services

2

0.02

77,533

0.02

Recreation & Amusement

1

0.01

14,090

0.00

Education

0

0.00

22,909

0.01

Mining

0

0.00

452

0.00

Transportation Equipment

0

0.00

3,047

0.00

Petroleum & Chemicals

0

0.00

362

0.00

Metal Industries

0

0.00

933

0.00

Glass, Stone, & Clay

0

0.00

525

0.00

Food Processing

0

0.00

255

0.00

Farm Inputs & Machinery

0

0.00

68

0.00

Machinery & Equipment

0

0.00

24

0.00

Technology Industries

0

0.00

0

0.00

Agricultural Processing

0

0.00

0

0.00

Fabric Mills & Leather

0

0.00

0

0.00

Subtotal

168

1.95

5,389,580

1.58

TOTAL CONTRIBUTIONS

898

10.42

38,448,678

11.30

Rest of County

7,720

89.58

301,811,992

88.70

Total in County

8,618

100.00

340,260,670

100.00

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

 

Output ($)

% of County

Value Added ($)

% of County

Direct Contributions from Forest-Related Sectors

Misc. Forest Products

42,773

0.00

27,163

0.00

Logging

7,011,594

0.41

4,165,697

0.75

Solid Wood Products

14,993,550

0.87

4,752,382

0.86

Wood Furniture

111,070,702

6.42

33,097,869

5.97

Pulp & Paper

0

0.00

0

0.00

Subtotal

133,118,618

7.70

42,043,111

7.59

Indirect and Induced Contributions on Sectors

Misc. Services

2,975,585

0.17

1,437,009

0.26

Wholesale & Retail Trade

5,607,579

0.32

2,846,728

0.51

Misc. Manufacturing

1,525,498

0.09

655,953

0.12

Transport. & Comm. Services

2,884,990

0.17

1,147,004

0.21

Financial & Real Estate

5,475,497

0.32

3,172,924

0.57

Health Services

841,291

0.05

500,496

0.09

Resource Services

50,818

0.00

24,220

0.00

Government

687,905

0.04

359,806

0.06

Construction

484,108

0.03

172,163

0.03

Agricultural Products

74,658

0.00

27,549

0.00

Utility Services

1,511,159

0.09

530,332

0.10

Domestic Services

530,301

0.03

195,344

0.04

Recreation & Amusement

46,437

0.00

21,477

0.00

Education

32,343

0.00

23,382

0.00

Mining

11,540

0.00

884

0.00

Transportation Equipment

14,417

0.00

3,251

0.00

Petroleum & Chemicals

4,421

0.00

723

0.00

Metal Industries

3,455

0.00

1,064

0.00

Glass, Stone, & Clay

3,720

0.00

985

0.00

Food Processing

1,038

0.00

338

0.00

Farm Inputs & Machinery

666

0.00

102

0.00

Machinery & Equipment

96

0.00

34

0.00

Technology Industries

0

0.00

0

0.00

Agricultural Processing

0

0.00

0

0.00

Fabric Mills & Leather

0

0.00

0

0.00

Subtotal

22,767,519

1.32

11,121,765

2.01

TOTAL CONTRIBUTIONS

155,886,138

9.02

53,164,877

9.59

Rest of County

1,573,059,642

90.98

501,049,061

90.41

Total in County

1,728,945,780

100.00

554,213,938

100.00

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

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

Total forestland acres, 2018

293,451

Private ownership acres

279,260

Public ownership acres

14,191

Forestland assessed value, 2018

$6,443,767

Ad valorem tax collections from forestland, 2018

$815,459

Value of standing timber, 2018

$459,336,359

Value of timber harvested, 2019

$15,318,468

Timber severance tax collections (100%), 2019

$42,956

Tax to Forest Resource Development Program (80%)

$34,365

Tax returned to county government (20%)

$8,591

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.


M1770 (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.

Department: MSU Extension- Itawamba County
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