Henderson nacaa

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Henderson nacaa

  1. 1. Economic Impact of Mississippi’sForest ResourcesLogging, Solid Wood Products,Pulp and Paper, and Wood Furniture ManufacturingJames E. HendersonAssistant Extension ProfessorDepartment of Forestry<br />
  2. 2. Mississippi’s Forest Resources<br />19.6 million acres<br />65% of the state’s total land area<br />Major component of Mississippi’s economic base <br />Source: Forest Inventory & Analysis Factsheet <br />Mississippi 2006, U.S. Forest Service<br />Percentage of land in forest by county <br />< 25%<br />25 – 49<br />50 – 74<br />>75%<br />
  3. 3. Mississippi’s Forest Resources<br />Over $1 billion worth of forest products harvested annually and delivered to mills and other manufacturing plants<br />Timber harvesting and product manufacturing has impact on state economy<br />Source: Forest Inventory & Analysis Factsheet <br />Mississippi 2006, U.S. Forest Service<br />Percentage of land in forest by county <br />< 25%<br />25 – 49<br />50 – 74<br />>75%<br />
  4. 4. Photo by Laurie Grace<br />
  5. 5. The importance of forestry and forest products is well documented at the state level.<br />But what impact does it have at the county level?<br />Introducing a new publication series to address that question.<br />Economic Impact of Forest Products Industry<br />Henderson, J.E., I.A. Munn, G. Perez-Verdin, D.L. Grebner. 2008. <br />
  6. 6. The Economic Contribution of Forestry and Forest Products to Mississippi Counties <br />
  7. 7. Forest Products Industry Impacts Economy In Three Ways:<br />Forestry & Forest Products<br />Purchases from supporting sectors<br />Employee spending<br />Direct Effect<br />Indirect Effect<br />Induced Effect<br />Total Effect<br />
  8. 8. Input – Output Analysis<br />Economy divided into 440 sectors.<br />Depicts inter-industry relations of an economy. <br />Shows how output of one industry is an input to other industries or sectors of the economy.<br />IMPLAN: input-output modeling software<br />
  9. 9. Economic Impact on Mississippi’s Economy Measured by:<br />Employment <br /> the number of full- and part-time jobs in the sector<br />Employee compensation <br />the wages paid by the sector<br />Output <br />the sector’s total value of production<br />Value-added <br />total sector output minus the costs of purchased inputs<br />
  10. 10. The Economic Contribution of Forestry and Forest Products to Mississippi Counties <br />
  11. 11. The Economic Contribution of Forestry and Forest Products to Mississippi Counties <br />
  12. 12. Jobs<br />Direct Effect<br />695 jobs<br />17.6% of county<br />Indirect and Induced<br />590 jobs<br />14.9% of county<br />Total Impact<br />1,285 jobs<br />32.5% of county<br />
  13. 13. Income<br />Direct Effect<br />$58 Million in income<br />36.3% of county<br />Indirect and Induced<br />$18 Million in income<br />11.5% of county<br />Total Impact<br />$76 Million in income <br />47.8% of county<br />
  14. 14. Output<br />Direct Effect<br />$352.8 Million<br />46% of county<br />Indirect and Induced<br />$57 Million<br />7.5% of county<br />Total Impact<br />$410 Million<br />53.5% of county<br />
  15. 15. Value Added<br />Direct Effect<br />$95.5 Million<br />35% of county<br />Indirect and Induced<br />$33.9 Million<br />12.5% of county<br />Total Impact<br />$129.4 Million<br />47.6% of county<br />
  16. 16.
  17. 17. Timber Harvest Value (2007)<br />
  18. 18. Forest Products Facilities<br />Source: U.S. F.S<br />
  19. 19. Population<br />Economic Impact:<br />Greater in rural counties<br />Smaller in urban counties<br />
  20. 20. Total Jobs ImpactAs Percent of County Total<br />Total Jobs ImpactDirect, Indirect, & Induced<br />Economic Impact:<br />Greater in rural counties<br />Smaller in urban counties<br />
  21. 21. Total Jobs ImpactAs Percent of County Total<br />Total Jobs ImpactDirect, Indirect, & Induced<br />Economic Impact:<br />Smaller in urban counties<br />
  22. 22. Total Jobs ImpactAs Percent of County Total<br />Total Jobs ImpactDirect, Indirect, & Induced<br />Economic Impact:<br />Greater in rural counties<br />
  23. 23. Standing Timber Value<br />Estimation process:<br />2007 Product Prices applies to standing timber volume estimates:<br />Hardwood and Softwood<br />Sawtimber and Pulpwood<br />Source:<br />Mississippi Institute for Forest Inventory (MIFI)<br />
  24. 24. Standing Timber Value<br />
  25. 25. The Economic Contribution of Forestry and Forest Products to Mississippi Counties <br />
  26. 26. This information is available online!<br />www.MSUCares.com<br />
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  30. 30. Thank You<br />

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