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The Economic Contribution of Forestry and Forest Products - George County

Publication Number: M1684
View as PDF: M1684.pdf

George County

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

Employment and Income Contributions

Forest-related economic activity in George County during 2018 generated 111 jobs and over $2.9 million in income. That’s about 1.5% of jobs and 1.2% 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 $19.2 million, or about 2.1% of economic output in George County. Forest-related value added amounted to over $6.1 million, or about 1.4% 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 $1.09 million in tax revenue for federal, state, and local governments. This represents an estimated tax revenue of $648,736 for federal and $442,369 for state and local governments.

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

 

Number of Jobs

% of County

Income ($)

% of County

Direct Contributions from Forest-Related Sectors

Misc. Forest Products

1

0.02

41,641

0.02

Logging

58

0.79

1,304,048

0.53

Solid Wood Products

21

0.29

595,682

0.24

Wood Furniture

9

0.12

338,671

0.14

Pulp & Paper

0

0.00

0

0.00

Subtotal

89

1.22

2,280,042

0.92

Indirect and Induced Contributions on Sectors

Wholesale & Retail Trade

7

0.09

191,928

0.08

Misc. Services

5

0.07

125,654

0.05

Transport. & Comm. Services

3

0.04

126,957

0.05

Misc. Manufacturing

3

0.04

54,654

0.02

Financial & Real Estate

2

0.02

39,014

0.02

Health Services

1

0.01

28,124

0.01

Recreation & Amusement

0

0.01

632

0.00

Agricultural Products

0

0.01

9,504

0.00

Domestic Services

0

0.00

14,436

0.01

Construction

0

0.00

11,703

0.00

Government

0

0.00

17,121

0.01

Resource Services

0

0.00

24,695

0.01

Utility Services

0

0.00

10,528

0.00

Education

0

0.00

617

0.00

Mining

0

0.00

31

0.00

Metal Industries

0

0.00

57

0.00

Farm Inputs & Machinery

0

0.00

91

0.00

Glass, Stone, & Clay

0

0.00

49

0.00

Petroleum & Chemicals

0

0.00

0

0.00

Food Processing

0

0.00

10

0.00

Machinery & Equipment

0

0.00

0

0.00

Transportation Equipment

0

0.00

1

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

Subtotal

22

0.30

655,807

0.26

TOTAL CONTRIBUTIONS

111

1.53

2,935,849

1.18

Rest of County

7,165

98.47

245,427,910

98.82

Total in County

7,276

100.00

248,363,759

100.00

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

 

Output ($)

% of County

Value Added ($)

% of County

Direct Contributions from Forest-Related Sectors

Misc. Forest Products

65,585

0.01

42,500

0.01

Logging

3,233,524

0.35

1,317,758

0.30

Solid Wood Products

12,001,791

1.28

3,160,099

0.71

Wood Furniture

1,061,170

0.11

378,731

0.09

Pulp & Paper

0

0.00

0

0.00

Subtotal

16,362,070

1.75

4,899,088

1.10

Indirect and Induced Contributions on Sectors

Wholesale & Retail Trade

860,802

0.09

353,525

0.08

Misc. Services

358,995

0.04

184,064

0.04

Transport. & Comm. Services

480,330

0.05

181,702

0.04

Misc. Manufacturing

183,489

0.02

66,781

0.02

Financial & Real Estate

515,165

0.06

275,049

0.06

Health Services

48,413

0.01

28,103

0.01

Recreation & Amusement

7,377

0.00

2,759

0.00

Agricultural Products

38,438

0.00

9,966

0.00

Domestic Services

116,695

0.01

35,689

0.01

Construction

52,490

0.01

15,843

0.00

Government

35,809

0.00

21,850

0.00

Resource Services

25,600

0.00

24,110

0.01

Utility Services

133,360

0.01

42,632

0.01

Education

3,784

0.00

711

0.00

Mining

6,168

0.00

271

0.00

Metal Industries

479

0.00

70

0.00

Farm Inputs & Machinery

1,758

0.00

170

0.00

Glass, Stone, & Clay

409

0.00

85

0.00

Petroleum & Chemicals

0

0.00

0

0.00

Food Processing

52

0.00

16

0.00

Machinery & Equipment

8

0.00

0

0.00

Transportation Equipment

6

0.00

1

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

Subtotal

2,869,629

0.31

1,243,396

0.28

TOTAL CONTRIBUTIONS

19,231,699

2.06

6,142,484

1.38

Rest of County

916,509,486

97.94

438,260,411

98.62

Total in County

935,741,185

100.00

444,402,895

100.00

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

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

Total forestland acres, 2018

211,773

Private ownership acres

175,195

Public ownership acres

36,578

Forestland assessed value, 2018

$6,988,439

Ad valorem tax collections from forestland, 2018

$854,197

Value of standing timber, 2018

$307,099,290

Value of timber harvested, 2019

$6,019,001

Timber severance tax collections (100%), 2019

$21,850

Tax to Forest Resource Development Program (80%)

$17,480

Tax returned to county government (20%)

$4,370

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.


M1684 (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- George County

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