You are here

The Economic Contribution of Forestry and Forest Products - Prentiss County

Publication Number: M1715
View as PDF: M1715.pdf

Prentiss County

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

Employment and Income Contributions

Forest-related economic activity in Prentiss County during 2018 generated 641 jobs and over $21.3 million in income. That’s about 6.1% of jobs and 5.9% 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 $111.5 million, or about 7.4% of economic output in Prentiss County. Forest-related value added amounted to over $33.2 million, or about 5.5% 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 $6.82 million in tax revenue for federal, state, and local governments. This represents an estimated tax revenue of $4.64 million for federal and $2.18 million for state and local governments.

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

 

Number of Jobs

% of County

Income ($)

% of County

Direct Contributions from Forest-Related Sectors

Misc. Forest Products

2

0.02

117,608

0.03

Logging

13

0.12

442,956

0.12

Solid Wood Products

105

1.00

3,829,733

1.06

Wood Furniture

341

3.24

11,130,570

3.08

Pulp & Paper

0

0.00

0

0.00

Subtotal

462

4.38

15,520,868

4.29

Indirect and Induced Contributions on Sectors

Wholesale & Retail Trade

36

0.34

1,213,159

0.34

Misc. Services

35

0.33

849,099

0.23

Misc. Manufacturing

35

0.33

1,092,676

0.30

Transport. & Comm. Services

30

0.28

1,166,990

0.32

Financial & Real Estate

18

0.17

525,422

0.15

Health Services

9

0.09

426,525

0.12

Recreation & Amusement

4

0.04

14,839

0.00

Domestic Services

3

0.03

146,813

0.04

Construction

2

0.02

74,392

0.02

Utility Services

2

0.02

153,049

0.04

Government

2

0.02

138,093

0.04

Education

1

0.01

29,527

0.01

Agricultural Products

1

0.01

1,396

0.00

Petroleum & Chemicals

1

0.00

29,698

0.01

Resource Services

0

0.00

4,776

0.00

Agricultural Processing

0

0.00

1,979

0.00

Transportation Equipment

0

0.00

1,215

0.00

Metal Industries

0

0.00

2,650

0.00

Glass, Stone, & Clay

0

0.00

534

0.00

Food Processing

0

0.00

101

0.00

Machinery & Equipment

0

0.00

39

0.00

Technology Industries

0

0.00

0

0.00

Mining

0

0.00

0

0.00

Fabric Mills & Leather

0

0.00

0

0.00

Farm Inputs & Machinery

0

0.00

0

0.00

Subtotal

179

1.70

5,872,973

1.62

TOTAL CONTRIBUTIONS

641

6.07

21,393,841

5.91

Rest of County

9,911

93.93

340,448,351

94.09

Total in County

10,551

100.00

361,842,192

100.00

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

 

Output ($)

% of County

Value Added ($)

% of County

Direct Contributions from Forest-Related Sectors

Misc. Forest Products

166,566

0.01

119,302

0.02

Logging

857,305

0.06

441,473

0.07

Solid Wood Products

25,195,335

1.68

7,145,966

1.19

Wood Furniture

61,468,270

4.09

14,978,711

2.49

Pulp & Paper

0

0.00

0

0.00

Subtotal

87,687,476

5.83

22,685,452

3.77

Indirect and Induced Contributions on Sectors

Wholesale & Retail Trade

4,832,084

0.32

2,300,663

0.38

Misc. Services

2,537,231

0.17

1,253,631

0.21

Misc. Manufacturing

2,688,984

0.18

1,251,841

0.21

Transport. & Comm. Services

4,438,941

0.30

1,629,231

0.27

Financial & Real Estate

5,011,981

0.33

2,433,479

0.40

Health Services

907,760

0.06

455,751

0.08

Recreation & Amusement

59,252

0.00

31,299

0.01

Domestic Services

751,999

0.05

295,421

0.05

Construction

392,209

0.03

96,715

0.02

Utility Services

1,509,420

0.10

497,470

0.08

Government

429,773

0.03

221,387

0.04

Education

48,816

0.00

26,377

0.00

Agricultural Products

24,018

0.00

8,239

0.00

Petroleum & Chemicals

194,837

0.01

62,465

0.01

Resource Services

8,128

0.00

5,081

0.00

Agricultural Processing

26,708

0.00

2,328

0.00

Transportation Equipment

6,094

0.00

1,279

0.00

Metal Industries

5,502

0.00

2,886

0.00

Glass, Stone, & Clay

3,965

0.00

1,102

0.00

Food Processing

565

0.00

162

0.00

Machinery & Equipment

201

0.00

60

0.00

Technology Industries

5

0.00

0

0.00

Mining

0

0.00

0

0.00

Fabric Mills & Leather

0

0.00

0

0.00

Farm Inputs & Machinery

0

0.00

0

0.00

Subtotal

23,878,474

1.59

10,576,867

1.76

TOTAL CONTRIBUTIONS

111,565,950

7.42

33,262,319

5.53

Rest of County

1,391,324,279

92.58

568,364,104

94.47

Total in County

1,502,890,229

100.00

601,626,423

100.00

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

Total forestland acres, 2018

171,690

Private ownership acres

159,529

Public ownership acres

12,161

Forestland assessed value, 2018

$5,547,034

Ad valorem tax collections from forestland, 2018

$699,758

Value of standing timber, 2018

$230,384,759

Value of timber harvested, 2019

$8,516,537

Timber severance tax collections (100%), 2019

$27,302

Tax to Forest Resource Development Program (80%)

$21,841

Tax returned to county government (20%)

$5,460

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.


M1715 (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.

Mississippi State University is an equal opportunity institution. Discrimination in university employment, programs, or activities based on race, color, ethnicity, sex, pregnancy, religion, national origin, disability, age, sexual orientation, genetic information, status as a U.S. veteran, or any other status protected by applicable law is prohibited. Questions about equal opportunity programs or compliance should be directed to the Office of Compliance and Integrity, 56 Morgan Avenue, P.O. 6044, Mississippi State, MS 39762, (662) 325-5839.

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- Prentiss County

The Mississippi State University Extension Service is working to ensure all web content is accessible to all users. If you need assistance accessing any of our content, please email the webteam or call 662-325-2262.

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