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The Economic Contribution of Forestry and Forest Products - Alcorn County

Publication Number: M1660
View as PDF: M1660.pdf

Alcorn County

Forestry and forest products are major components of Alcorn 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 Alcorn County, Mississippi.

Employment and Income Contributions

Forest-related economic activity in Alcorn County during 2018 generated 687 jobs and over $27.9 million in income. That’s over 3.6% of jobs and 3.5% 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 $128.8 million, or about 3.8% of economic output in Alcorn County. Forest-related value added amounted to over $43.3 million, or about 3.0% 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 $8.52 million in tax revenue for federal, state, and local governments. This represents an estimated tax revenue of $5.66 million for federal and $2.86 million for state and local governments.

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

 

Number of Jobs

% of County

Income ($)

% of County

Direct Contributions from Forest-Related Sectors

Misc. Forest Products

4

0.02

160,597

0.02

Logging

31

0.16

1,130,387

0.14

Solid Wood Products

59

0.31

2,574,312

0.32

Wood Furniture

365

1.89

14,262,350

1.79

Pulp & Paper

38

0.20

2,778,331

0.35

Subtotal

498

2.58

20,905,977

2.63

Indirect and Induced Contributions on Sectors

Wholesale & Retail Trade

52

0.27

2,298,679

0.29

Misc. Services

42

0.22

1,210,924

0.15

Financial & Real Estate

31

0.16

628,384

0.08

Misc. Manufacturing

22

0.12

694,289

0.09

Transport. & Comm. Services

13

0.07

492,650

0.06

Health Services

12

0.06

1,076,454

0.14

Government

3

0.02

242,026

0.03

Recreation & Amusement

2

0.01

14,633

0.00

Utility Services

2

0.01

147,330

0.02

Domestic Services

2

0.01

85,530

0.01

Resource Services

2

0.01

42,544

0.01

Construction

2

0.01

76,792

0.01

Agricultural Products

1

0.00

25,437

0.00

Education

1

0.00

10,597

0.00

Petroleum & Chemicals

0

0.00

12,044

0.00

Metal Industries

0

0.00

2,131

0.00

Mining

0

0.00

37

0.00

Glass, Stone, & Clay

0

0.00

417

0.00

Food Processing

0

0.00

230

0.00

Technology Industries

0

0.00

174

0.00

Transportation Equipment

0

0.00

108

0.00

Machinery & Equipment

0

0.00

31

0.00

Agricultural Processing

0

0.00

18

0.00

Farm Inputs & Machinery

0

0.00

9

0.00

Fabric Mills & Leather

0

0.00

0

0.00

Subtotal

189

0.98

7,061,469

0.89

TOTAL CONTRIBUTIONS

687

3.56

27,967,445

3.52

Rest of County

18,583

96.44

767,676,794

96.48

Total in County

19,270

100.00

795,644,239

100.00

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

 

Output ($)

% of County

Value Added ($)

% of County

Direct Contributions from Forest-Related Sectors

Misc. Forest Products

241,946

0.01

163,116

0.01

Logging

2,174,420

0.06

1,137,891

0.08

Solid Wood Products

14,169,298

0.42

4,734,784

0.33

Wood Furniture

65,424,844

1.92

19,158,100

1.34

Pulp & Paper

18,453,945

0.54

4,169,781

0.29

Subtotal

100,464,453

2.95

29,363,672

2.05

Indirect and Induced Contributions on Sectors

Wholesale & Retail Trade

8,336,863

0.24

4,431,386

0.31

Misc. Services

3,163,668

0.09

1,753,169

0.12

Financial & Real Estate

7,683,298

0.23

3,658,348

0.26

Misc. Manufacturing

1,827,751

0.05

895,351

0.06

Transport. & Comm. Services

1,741,816

0.05

620,869

0.04

Health Services

1,760,195

0.05

1,216,407

0.08

Government

1,079,379

0.03

425,880

0.03

Recreation & Amusement

101,052

0.00

34,879

0.00

Utility Services

1,294,056

0.04

465,190

0.03

Domestic Services

782,622

0.02

291,314

0.02

Resource Services

53,111

0.00

36,614

0.00

Construction

342,753

0.01

99,789

0.01

Agricultural Products

40,413

0.00

11,475

0.00

Education

24,515

0.00

10,374

0.00

Petroleum & Chemicals

107,550

0.00

26,040

0.00

Metal Industries

7,635

0.00

2,459

0.00

Mining

4,779

0.00

222

0.00

Glass, Stone, & Clay

2,920

0.00

808

0.00

Food Processing

1,528

0.00

393

0.00

Technology Industries

1,032

0.00

222

0.00

Transportation Equipment

722

0.00

134

0.00

Machinery & Equipment

285

0.00

59

0.00

Agricultural Processing

200

0.00

22

0.00

Farm Inputs & Machinery

171

0.00

18

0.00

Fabric Mills & Leather

0

0.00

0

0.00

Subtotal

28,358,316

0.83

13,981,422

0.98

TOTAL CONTRIBUTIONS

128,822,770

3.79

43,345,094

3.03

Rest of County

3,274,655,876

96.21

1,388,047,480

96.97

Total in County

3,403,478,646

100.00

1,431,392,574

100.00

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

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

Total forestland acres, 2018

161,407

Private ownership acres

161,407

Public ownership acres

Forestland assessed value, 2018

$4,492,980

Ad valorem tax collections from forestland, 2018

$522,129

Value of standing timber, 2018

$203,799,570

Value of timber harvested, 2019

$4,721,451

Timber severance tax collections (100%), 2019

$16,275

Tax to Forest Resource Development Program (80%)

$13,020

Tax returned to county government (20%)

$3,255

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.


M1660 (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- Alcorn 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