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The Economic Contributions of Forestry and Forest Products - Marshall County

Publication Number: M1713
View as PDF: M1713.pdf

Marshall County

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

Employment and Income Contributions

Forest-related economic activity in Marshall County during 2018 generated 381 jobs and over $19.8 million in income. That’s about 2.8% of jobs and 4.9% 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 $70.1 million, or about 4.0% of economic output in Marshall County. Forest-related value added amounted to over $30.3 million, or about 3.9% 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 $5.67 million in tax revenue for federal, state, and local governments. This represents an estimated tax revenue of $3.98 million for federal and $1.69 million for state and local governments.

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

 

Number of Jobs

% of County

Income ($)

% of County

Direct Contributions from Forest-Related Sectors

Misc. Forest Products

2

0.01

70,247

0.02

Logging

39

0.29

171,959

0.04

Solid Wood Products

236

1.72

15,815,888

3.88

Wood Furniture

10

0.07

1,246,627

0.31

Pulp & Paper

0

0.00

0

0.00

Subtotal

287

2.10

17,304,722

4.24

Indirect and Induced Contributions on Sectors

Misc. Services

23

0.17

491,595

0.12

Wholesale & Retail Trade

20

0.15

635,550

0.16

Misc. Manufacturing

16

0.12

232,383

0.06

Transport. & Comm. Services

12

0.09

409,883

0.10

Financial & Real Estate

9

0.06

255,925

0.06

Health Services

6

0.04

277,435

0.07

Education

2

0.02

45,582

0.01

Construction

1

0.01

41,884

0.01

Agricultural Products

1

0.01

4,389

0.00

Government

1

0.01

70,318

0.02

Recreation & Amusement

1

0.01

2,988

0.00

Domestic Services

1

0.01

37,725

0.01

Resource Services

1

0.00

20,976

0.01

Utility Services

1

0.00

8,047

0.00

Glass, Stone, & Clay

0

0.00

8,741

0.00

Mining

0

0.00

243

0.00

Petroleum & Chemicals

0

0.00

876

0.00

Metal Industries

0

0.00

315

0.00

Food Processing

0

0.00

197

0.00

Transportation Equipment

0

0.00

187

0.00

Farm Inputs & Machinery

0

0.00

94

0.00

Machinery & Equipment

0

0.00

40

0.00

Agricultural Processing

0

0.00

2

0.00

Technology Industries

0

0.00

0

0.00

Fabric Mills & Leather

0

0.00

0

0.00

Subtotal

94

0.69

2,545,374

0.62

TOTAL CONTRIBUTIONS

381

2.78

19,850,096

4.87

Rest of County

13,326

97.22

388,032,437

95.13

Total in County

13,707

100.00

407,882,533

100.00

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

 

Output ($)

% of County

Value Added ($)

% of County

Direct Contributions from Forest-Related Sectors

Misc. Forest Products

102,859

0.01

71,135

0.01

Logging

1,557,620

0.09

237,644

0.03

Solid Wood Products

54,555,924

3.10

22,878,082

2.95

Wood Furniture

2,203,924

0.13

1,395,758

0.18

Pulp & Paper

0

0.00

0

0.00

Subtotal

58,420,327

3.32

24,582,619

3.17

Indirect and Induced Contributions on Sectors

Misc. Services

1,506,197

0.09

694,108

0.09

Wholesale & Retail Trade

2,553,180

0.15

1,359,359

0.18

Misc. Manufacturing

839,161

0.05

302,028

0.04

Transport. & Comm. Services

1,613,688

0.09

558,462

0.07

Financial & Real Estate

3,390,341

0.19

2,026,702

0.26

Health Services

627,197

0.04

301,648

0.04

Education

117,370

0.01

61,534

0.01

Construction

220,967

0.01

57,694

0.01

Agricultural Products

42,468

0.00

13,996

0.00

Government

282,826

0.02

135,752

0.02

Recreation & Amusement

46,267

0.00

12,328

0.00

Domestic Services

181,595

0.01

124,013

0.02

Resource Services

22,728

0.00

18,563

0.00

Utility Services

183,057

0.01

30,105

0.00

Glass, Stone, & Clay

54,408

0.00

22,560

0.00

Mining

7,498

0.00

526

0.00

Petroleum & Chemicals

5,669

0.00

1,538

0.00

Metal Industries

1,515

0.00

422

0.00

Food Processing

2,109

0.00

415

0.00

Transportation Equipment

1,921

0.00

296

0.00

Farm Inputs & Machinery

1,494

0.00

171

0.00

Machinery & Equipment

187

0.00

69

0.00

Agricultural Processing

20

0.00

2

0.00

Technology Industries

0

0.00

0

0.00

Fabric Mills & Leather

0

0.00

0

0.00

Subtotal

11,701,863

0.67

5,722,293

0.74

TOTAL CONTRIBUTIONS

70,122,190

3.99

30,304,912

3.91

Rest of County

1,687,981,869

96.01

745,274,349

96.09

Total in County

1,758,104,059

100.00

775,579,261

100.00

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

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

Total forestland acres, 2018

243,544

Private ownership acres

187,909

Public ownership acres

55,635

Forestland assessed value, 2018

$7,152,015

Ad valorem tax collections from forestland, 2018

$857,241

Value of standing timber, 2018

$385,850,802

Value of timber harvested, 2019

$3,318,091

Timber severance tax collections (100%), 2019

$12,137

Tax to Forest Resource Development Program (80%)

$9,709

Tax returned to county government (20%)

$2,427

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.


M1713 (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- Marshall County
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