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The Economic Contributions of Forestry and Forest Products - Lafayette County

Publication Number: M1730
View as PDF: M1730.pdf

Lafayette County

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

Employment and Income Contributions

Forest-related economic activity in Lafayette County during 2018 generated 167 jobs and over $4.7 million in income. That’s about 0.5% of jobs and 0.3% 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 $11.2 million, or about 0.3% of economic output in Lafayette County. Forest-related value added amounted to over $5.6 million, or about 0.2% 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 $1.23 million in tax revenue for federal, state, and local governments. This represents an estimated tax revenue of $768,421 for federal and $464,080 for state and local governments.

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

 

Number of Jobs

% of County

Income ($)

% of County

Direct Contributions from Forest-Related Sectors

Misc. Forest Products

4

0.01

176124

0.01

Logging

102

0.30

2830939

0.20

Solid Wood Products

2

0.01

48075

0.00

Wood Furniture

0

0.00

0

0.00

Pulp & Paper

0

0.00

0

0.00

Subtotal

108

0.31

3055137

0.22

Indirect and Induced Contributions on Sectors

Resource Services

32

0.09

733912

0.05

Misc. Services

7

0.02

234223

0.02

Wholesale & Retail Trade

5

0.01

173739

0.01

Misc. Manufacturing

4

0.01

142412

0.01

Health Services

3

0.01

273139

0.02

Financial & Real Estate

3

0.01

96013

0.01

Agricultural Products

1

0.00

4420

0.00

Transport. & Comm. Services

1

0.00

12654

0.00

Recreation & Amusement

1

0.00

6320

0.00

Domestic Services

0

0.00

25129

0.00

Education

0

0.00

7146

0.00

Construction

0

0.00

7957

0.00

Government

0

0.00

10308

0.00

Utility Services

0

0.00

6058

0.00

Mining

0

0.00

511

0.00

Glass, Stone, & Clay

0

0.00

273

0.00

Metal Industries

0

0.00

193

0.00

Food Processing

0

0.00

86

0.00

Petroleum & Chemicals

0

0.00

60

0.00

Farm Inputs & Machinery

0

0.00

16

0.00

Machinery & Equipment

0

0.00

2

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

58

0.17

1,734,570

0.12

TOTAL CONTRIBUTIONS

167

0.48

4,789,707

0.34

Rest of County

34,304

99.52

1,395,531,948

99.66

Total in County

34,471

100.00

1,400,321,655

100.00

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

 

Output ($)

% of County

Value Added ($)

% of County

Direct Contributions from Forest-Related Sectors

Misc. Forest Products

253,460

0.01

178,030

0.01

Logging

6,305,579

0.15

2,920,565

0.12

Solid Wood Products

319,916

0.01

85,391

0.00

Wood Furniture

0

0.00

0

0.00

Pulp & Paper

0

0.00

0

0.00

Subtotal

6,878,955

0.16

3,183,986

0.14

Indirect and Induced Contributions on Sectors

Resource Services

886,410

0.02

646,141

0.03

Misc. Services

595,607

0.01

338,716

0.01

Wholesale & Retail Trade

511,406

0.01

292,594

0.01

Misc. Manufacturing

293,075

0.01

159,232

0.01

Health Services

532,107

0.01

313,862

0.01

Financial & Real Estate

1,050,865

0.02

573,560

0.02

Agricultural Products

81,988

0.00

26,122

0.00

Transport. & Comm. Services

108,765

0.00

18,668

0.00

Recreation & Amusement

40,124

0.00

14,905

0.00

Domestic Services

160,422

0.00

75,263

0.00

Education

12,666

0.00

6,887

0.00

Construction

30,904

0.00

10,061

0.00

Government

28,009

0.00

15,672

0.00

Utility Services

63,501

0.00

21,638

0.00

Mining

19,080

0.00

1,248

0.00

Glass, Stone, & Clay

1,830

0.00

468

0.00

Metal Industries

1,025

0.00

316

0.00

Food Processing

402

0.00

131

0.00

Petroleum & Chemicals

566

0.00

111

0.00

Farm Inputs & Machinery

269

0.00

31

0.00

Machinery & Equipment

43

0.00

5

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

4,419,062

0.10

2,515,633

0.11

TOTAL CONTRIBUTIONS

11,298,017

0.26

5,699,619

0.24

Rest of County

4,256,862,634

99.74

2,347,046,272

99.76

Total in County

4,268,160,651

100.00

2,352,745,891

100.00

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

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

Total forestland acres, 2018

272,003

Private ownership acres

200,561

Public ownership acres

71,442

Forestland assessed value, 2018

$11,043,700

Ad valorem tax collections from forestland, 2018

$1,033,580

Value of standing timber, 2018

$532,465,912

Value of timber harvested, 2019

$6,247,495

Timber severance tax collections (100%), 2019

$18,513

Tax to Forest Resource Development Program (80%)

$14,810

Tax returned to county government (20%)

$3,703

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.


M1730 (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- Lafayette County
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