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This power point presentation was developed to introduce a new publication series addressing the economic impact of forestry and forest products to Mississippi’s predominantly forested counties. The …

This power point presentation was developed to introduce a new publication series addressing the economic impact of forestry and forest products to Mississippi’s predominantly forested counties. The presentation has been adapted for county specific audience throughout Mississippi.

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  • 1. Economic Impact of Mississippi’sForest ResourcesLogging, Solid Wood Products,Pulp and Paper, and Wood Furniture ManufacturingJames E. HendersonAssistant Extension ProfessorDepartment of Forestry
  • 2. Mississippi’s Forest Resources
    19.6 million acres
    65% of the state’s total land area
    Major component of Mississippi’s economic base
    Source: Forest Inventory & Analysis Factsheet
    Mississippi 2006, U.S. Forest Service
    Percentage of land in forest by county
    < 25%
    25 – 49
    50 – 74
    >75%
  • 3. Mississippi’s Forest Resources
    Over $1 billion worth of forest products harvested annually and delivered to mills and other manufacturing plants
    Timber harvesting and product manufacturing has impact on state economy
    Source: Forest Inventory & Analysis Factsheet
    Mississippi 2006, U.S. Forest Service
    Percentage of land in forest by county
    < 25%
    25 – 49
    50 – 74
    >75%
  • 4. Photo by Laurie Grace
  • 5. Economic Impact of Forest Products Industry
    Henderson, J.E., I.A. Munn, G. Perez-Verdin, D.L. Grebner. 2008.
  • 6. The importance of forestry and forest products is well documented at the state level.
    But what impact does it have at the county level?
    Introducing a new publication series to address that question.
    Economic Impact of Forest Products Industry
  • 7. The Economic Contribution of Forestry and Forest Products to Mississippi Counties
  • 8. Forest Products Industry Impacts Economy In Three Ways:
    Forestry & Forest Products
    Purchases from supporting sectors
    Employee spending
    Direct Effect
    Indirect Effect
    Induced Effect
    Total Effect
  • 9. Input – Output Analysis
    Economy divided into 440 sectors.
    Depicts inter-industry relations of an economy.
    Shows how output of one industry is an input to other industries or sectors of the economy.
    IMPLAN: input-output modeling software
  • 10. Economic Impact on Mississippi’s Economy Measured by:
    Employment
    the number of full- and part-time jobs in the sector
    Employee compensation
    the wages paid by the sector
    Output
    the sector’s total value of production
    Value-added
    total sector output minus the costs of purchased inputs
  • 11. The Economic Contribution of Forestry and Forest Products to Mississippi Counties
  • 12.
  • 13.
  • 14.
  • 15.
  • 16. Jobs
  • 17. Jobs
    Direct Effect
    695 jobs
    17.6% of county
  • 18. Jobs
    Direct Effect
    695 jobs
    17.6% of county
    Indirect and Induced
    590 jobs
    14.9% of county
  • 19. Jobs
    Direct Effect
    695 jobs
    17.6% of county
    Indirect and Induced
    590 jobs
    14.9% of county
    Total Impact
    1,285 jobs
    32.5% of county
  • 20. Income
  • 21. Income
    Direct Effect
    $58 Million in income
    36.3% of county
  • 22. Income
    Direct Effect
    $58 Million in income
    36.3% of county
    Indirect and Induced
    $18 Million in income
    11.5% of county
  • 23. Income
    Direct Effect
    $58 Million in income
    36.3% of county
    Indirect and Induced
    $18 Million in income
    11.5% of county
    Total Impact
    $76 Million in income
    47.8% of county
  • 24. Output
  • 25. Output
    Direct Effect
    $352.8 Million
    46% of county
  • 26. Output
    Direct Effect
    $352.8 Million
    46% of county
    Indirect and Induced
    $57 Million
    7.5% of county
  • 27. Output
    Direct Effect
    $352.8 Million
    46% of county
    Indirect and Induced
    $57 Million
    7.5% of county
    Total Impact
    $410 Million
    53.5% of county
  • 28. Value Added
  • 29. Value Added
    Direct Effect
    $95.5 Million
    35% of county
  • 30. Value Added
    Direct Effect
    $95.5 Million
    35% of county
    Indirect and Induced
    $33.9 Million
    12.5% of county
  • 31. Value Added
    Direct Effect
    $95.5 Million
    35% of county
    Indirect and Induced
    $33.9 Million
    12.5% of county
    Total Impact
    $129.4 Million
    47.6% of county
  • 32.
  • 33.
  • 34.
  • 35. Timber Harvest Value (2007)
  • 36. Forest Products Facilities
    Source: U.S. F.S
  • 37. Population
    Economic Impact
    (in percentage terms):
    Greater in rural counties
    Smaller in urban counties
  • 38. Total Jobs ImpactAs Percent of County Total
    Total Jobs ImpactDirect, Indirect, & Induced
    Economic Impact:
    Greater in rural counties
    Smaller in urban counties
  • 39. Total Jobs ImpactAs Percent of County Total
    Total Jobs ImpactDirect, Indirect, & Induced
    Economic Impact:
    Smaller in urban counties
  • 40. Total Jobs ImpactAs Percent of County Total
    Total Jobs ImpactDirect, Indirect, & Induced
    Economic Impact:
    Greater in rural counties
  • 41. Standing Timber Value
    Estimation process:
    2007 Product Prices applies to standing timber volume estimates:
    Hardwood and Softwood
    Sawtimber and Pulpwood
    Source:
    Mississippi Institute for Forest Inventory (MIFI)
  • 42. Standing Timber Value
  • 43. The Economic Contribution of Forestry and Forest Products to Mississippi Counties
  • 44. This information is available online!
    www.MSUCares.com
  • 45.
  • 46.
  • 47.
  • 48. Thank You