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The Economic Contribution of Forestry and Forest Products - Yalobusha County

Publication Number: M1707
View as PDF: M1707.pdf

Yalobusha County

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

Employment and Income Contributions

Forest-related economic activity in Yalobusha County during 2018 generated 62 jobs and over $4.5 million in income. That’s about 1.3% of jobs and 2.8% 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 $10.5 million, or about 1.3% of economic output in Yalobusha County. Forest-related value added amounted to over $6.3 million, or about 2.8% 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 $947,705 in tax revenue for federal, state, and local governments. This represents an estimated tax revenue of $643,564 for federal and $304,141 for state and local governments.

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

 

Number of Jobs

% of County

Income ($)

% of County

Direct Contributions from Forest-Related Sectors

Misc. Forest Products

2

0.04

56,504

0.03

Logging

31

0.66

3,397,009

2.06

Solid Wood Products

16

0.34

798,996

0.49

Wood Furniture

0

0.00

0

0.00

Pulp & Paper

0

0.00

0

0.00

Subtotal

50

1.05

4,252,509

2.58

Indirect and Induced Contributions on Sectors

Wholesale & Retail Trade

3

0.06

48,512

0.03

Misc. Services

3

0.06

52,549

0.03

Misc. Manufacturing

1

0.03

21,787

0.01

Financial & Real Estate

1

0.03

31,666

0.02

Transport. & Comm. Services

1

0.02

52,371

0.03

Resource Services

1

0.02

34,886

0.02

Health Services

1

0.02

44,415

0.03

Agricultural Products

1

0.01

-6,759

0.00

Education

0

0.01

3,376

0.00

Construction

0

0.00

9,000

0.01

Government

0

0.00

8,916

0.01

Utility Services

0

0.00

6,549

0.00

Domestic Services

0

0.00

3,325

0.00

Mining

0

0.00

102

0.00

Recreation & Amusement

0

0.00

293

0.00

Food Processing

0

0.00

539

0.00

Agricultural Processing

0

0.00

410

0.00

Transportation Equipment

0

0.00

385

0.00

Petroleum & Chemicals

0

0.00

68

0.00

Glass, Stone, & Clay

0

0.00

92

0.00

Metal Industries

0

0.00

0

0.00

Machinery & Equipment

0

0.00

7

0.00

Fabric Mills & Leather

0

0.00

0

0.00

Farm Inputs & Machinery

0

0.00

0

0.00

Technology Industries

0

0.00

0

0.00

Subtotal

13

0.27

312,489

0.19

TOTAL CONTRIBUTIONS

62

1.34

4,564,999

2.77

Rest of County

4,657

98.68

160,160,294

97.23

Total in County

4,719

100.00

164,725,293

100.00

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

 

Output ($)

% of County

Value Added ($)

% of County

Direct Contributions from Forest-Related Sectors

Misc. Forest Products

95,943

0.01

58,171

0.03

Logging

4,438,151

0.55

3,441,837

1.51

Solid Wood Products

4,482,332

0.56

2,086,376

0.92

Wood Furniture

0

0.00

0

0.00

Pulp & Paper

0

0.00

0

0.00

Subtotal

9,016,426

1.12

5,586,383

2.45

Indirect and Induced Contributions on Sectors

Wholesale & Retail Trade

203,495

0.03

94,793

0.04

Misc. Services

169,173

0.02

77,766

0.03

Misc. Manufacturing

73,403

0.01

23,563

0.01

Financial & Real Estate

615,349

0.08

360,535

0.16

Transport. & Comm. Services

151,526

0.02

60,968

0.03

Resource Services

39,232

0.00

31,502

0.01

Health Services

70,949

0.01

46,073

0.02

Agricultural Products

48,231

0.01

14,474

0.01

Education

9,792

0.00

3,300

0.00

Construction

34,501

0.00

10,957

0.00

Government

31,939

0.00

16,342

0.01

Utility Services

88,504

0.01

25,668

0.01

Domestic Services

12,291

0.00

6,007

0.00

Mining

6,483

0.00

406

0.00

Recreation & Amusement

1,533

0.00

676

0.00

Food Processing

4,925

0.00

926

0.00

Agricultural Processing

3,508

0.00

573

0.00

Transportation Equipment

3,480

0.00

521

0.00

Petroleum & Chemicals

887

0.00

138

0.00

Glass, Stone, & Clay

690

0.00

179

0.00

Metal Industries

26

0.00

0

0.00

Machinery & Equipment

21

0.00

10

0.00

Fabric Mills & Leather

0

0.00

0

0.00

Farm Inputs & Machinery

0

0.00

0

0.00

Technology Industries

0

0.00

0

0.00

Subtotal

1,569,941

0.19

775,376

0.34

TOTAL CONTRIBUTIONS

10,586,367

1.31

6,361,760

2.79

Rest of County

804,383,026

99.81

221,629,769

97.21

Total in County

805,952,967

100.00

227,991,529

100.00

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

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

Total forestland acres, 2018

245,315

Private ownership acres

182,061

Public ownership acres

63,254

Forestland assessed value, 2018

$5,224,233

Ad valorem tax collections from forestland, 2018

$701,771

Value of standing timber, 2018

$371,469,453

Value of timber harvested, 2019

$8,554,216

Timber severance tax collections (100%), 2019

$26,740

Tax to Forest Resource Development Program (80%)

$21,392

Tax returned to county government (20%)

$5,348

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.


M1707 (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- Yalobusha 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