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The Economic Contribution of Forestry and Forest Products - Copiah County

Publication Number: M1670
View as PDF: M1670.pdf

Copiah County

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

Employment and Income Contributions

Forest-related economic activity in Copiah County during 2018 generated 203 jobs and over $10.0 million in income. That’s about 1.9% of jobs and 2.6% 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 $26.7 million, or about 1.8% of economic output in Copiah County. Forest-related value added amounted to over $13.3 million, or about 2.2% 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 $2.46 million in tax revenue for federal, state, and local governments. This represents an estimated tax revenue of $1.65 million for federal and $814,888 for state and local governments.

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

 

Number of Jobs

% of County

Income ($)

% of County

Direct Contributions from Forest-Related Sectors

Misc. Forest Products

19

0.18

812,352

0.21

Logging

89

0.84

5,360,221

1.38

Solid Wood Products

38

0.36

2,295,635

0.59

Wood Furniture

0

0.00

0

0.00

Pulp & Paper

0

0.00

0

0.00

Subtotal

146

1.38

8,468,208

2.18

Indirect and Induced Contributions on Sectors

Resource Services

16

0.15

322,887

0.08

Misc. Services

12

0.11

322,806

0.08

Wholesale & Retail Trade

10

0.10

388,229

0.10

Misc. Manufacturing

6

0.06

89,485

0.02

Health Services

3

0.03

147,323

0.04

Financial & Real Estate

3

0.03

54,988

0.01

Transport. & Comm. Services

2

0.02

103,092

0.03

Education

1

0.01

19,891

0.01

Agricultural Products

1

0.01

49,667

0.01

Domestic Services

1

0.01

24,829

0.01

Construction

0

0.00

13,222

0.00

Recreation & Amusement

0

0.00

2,265

0.00

Government

0

0.00

17,667

0.00

Utility Services

0

0.00

6,580

0.00

Agricultural Processing

0

0.00

618

0.00

Mining

0

0.00

668

0.00

Petroleum & Chemicals

0

0.00

78

0.00

Food Processing

0

0.00

19

0.00

Metal Industries

0

0.00

43

0.00

Glass, Stone, & Clay

0

0.00

8

0.00

Machinery & Equipment

0

0.00

2

0.00

Transportation Equipment

0

0.00

2

0.00

Technology Industries

0

0.00

2

0.00

Fabric Mills & Leather

0

0.00

0

0.00

Farm Inputs & Machinery

0

0.00

0

0.00

Subtotal

57

0.54

1,564,371

0.40

TOTAL CONTRIBUTIONS

203

1.91

10,032,579

2.59

Rest of County

10,408

98.09

377,916,537

97.41

Total in County

10,611

100.00

387,949,116

100.00

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

 

Output ($)

% of County

Value Added ($)

% of County

Direct Contributions from Forest-Related Sectors

Misc. Forest Products

1,203,493

0.08

837,019

0.14

Logging

8,236,079

0.55

5,335,661

0.89

Solid Wood Products

11,790,922

0.79

4,406,412

0.74

Wood Furniture

0

0.00

0

0.00

Pulp & Paper

0

0.00

0

0.00

Subtotal

21,230,494

1.42

10,579,093

1.77

Indirect and Induced Contributions on Sectors

Resource Services

407,570

0.03

289,198

0.05

Misc. Services

855,592

0.06

444,337

0.07

Wholesale & Retail Trade

1,261,726

0.08

641,889

0.11

Misc. Manufacturing

288,791

0.02

104,334

0.02

Health Services

268,280

0.02

151,719

0.03

Financial & Real Estate

1,304,082

0.09

785,680

0.13

Transport. & Comm. Services

336,012

0.02

129,477

0.02

Education

40,542

0.00

18,827

0.00

Agricultural Products

304,100

0.02

24,047

0.00

Domestic Services

168,380

0.01

65,546

0.01

Construction

73,329

0.00

16,742

0.00

Recreation & Amusement

24,407

0.00

5,894

0.00

Government

28,545

0.00

19,707

0.00

Utility Services

100,540

0.01

24,316

0.00

Agricultural Processing

4,320

0.00

843

0.00

Mining

3,302

0.00

815

0.00

Petroleum & Chemicals

664

0.00

128

0.00

Food Processing

169

0.00

31

0.00

Metal Industries

121

0.00

47

0.00

Glass, Stone, & Clay

54

0.00

15

0.00

Machinery & Equipment

8

0.00

3

0.00

Transportation Equipment

15

0.00

2

0.00

Technology Industries

12

0.00

3

0.00

Fabric Mills & Leather

0

0.00

0

0.00

Farm Inputs & Machinery

0

0.00

0

0.00

Subtotal

5,470,565

0.37

2,723,601

0.46

TOTAL CONTRIBUTIONS

26,701,059

1.79

13,302,694

2.22

Rest of County

1,463,660,518

98.21

585,022,149

97.78

Total in County

1,490,361,577

100.00

598,324,843

100.00

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

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

Total forestland acres, 2018

419,646

Private ownership acres

407,209

Public ownership acres

12,438

Forestland assessed value, 2018

$14,305,704

Ad valorem tax collections from forestland, 2018

$1,636,143

Value of standing timber, 2018

$646,015,941

Value of timber harvested, 2019

$29,248,527

Timber severance tax collections (100%), 2019

$93,019

Tax to Forest Resource Development Program (80%)

$74,415

Tax returned to county government (20%)

$18,604

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.


M1670 (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- Copiah 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