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The Economic Contribution of Forestry and Forest Products - Hinds County

Publication Number: M1724
View as PDF: M1724.pdf

Hinds County

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

Employment and Income Contributions

Forest-related economic activity in Hinds County during 2018 generated 517 jobs and over $30.2 million in income. That’s about 0.3% of jobs and 0.4% 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 $110.7 million, or about 0.5% of economic output in Hinds County. Forest-related value added amounted to over $44.7 million, or about 0.3% 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 $7.34 million in tax revenue for federal, state, and local governments. This represents an estimated tax revenue of $4.73 million for federal and $2.61 million for state and local governments.

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

 

Number of Jobs

% of County

Income ($)

% of County

Direct Contributions from Forest-Related Sectors

Misc. Forest Products

39

0.02

3,952,325

0.05

Logging

38

0.02

5,048,151

0.06

Solid Wood Products

166

0.09

7,223,025

0.08

Wood Furniture

2

0.00

15,813

0.00

Pulp & Paper

70

0.04

3,710,183

0.04

Subtotal

315

0.18

19,949,497

0.23

Indirect and Induced Contributions on Sectors

Wholesale & Retail Trade

50

0.03

2,835,090

0.03

Misc. Manufacturing

43

0.02

1,978,207

0.02

Misc. Services

39

0.02

1,270,658

0.01

Financial & Real Estate

17

0.01

633,550

0.01

Health Services

16

0.01

1,273,522

0.01

Transport. & Comm. Services

12

0.01

583,859

0.01

Resource Services

11

0.01

977,253

0.01

Domestic Services

4

0.00

192,701

0.00

Education

3

0.00

93,812

0.00

Recreation & Amusement

3

0.00

37,474

0.00

Utility Services

2

0.00

210,164

0.00

Construction

1

0.00

58,970

0.00

Government

1

0.00

120,595

0.00

Agricultural Products

0

0.00

5,597

0.00

Metal Industries

0

0.00

11,750

0.00

Mining

0

0.00

6,482

0.00

Glass, Stone, & Clay

0

0.00

4,319

0.00

Petroleum & Chemicals

0

0.00

4,246

0.00

Food Processing

0

0.00

3,080

0.00

Machinery & Equipment

0

0.00

475

0.00

Agricultural Processing

0

0.00

239

0.00

Fabric Mills & Leather

0

0.00

32

0.00

Farm Inputs & Machinery

0

0.00

48

0.00

Technology Industries

0

0.00

10

0.00

Transportation Equipment

0

0.00

5

0.00

Subtotal

202

0.11

10,302,140

0.12

TOTAL CONTRIBUTIONS

517

0.29

30,251,637

0.35

Rest of County

175,875

99.71

8,716,240,863

99.65

Total in County

176,392

100.00

8,746,492,500

100.00

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

 

Output ($)

% of County

Value Added ($)

% of County

Direct Contributions from Forest-Related Sectors

Misc. Forest Products

4,706,107

0.02

3,980,368

0.03

Logging

6,233,435

0.03

5,028,933

0.04

Solid Wood Products

36,009,690

0.15

12,423,329

0.09

Wood Furniture

309,501

0.00

45,310

0.00

Pulp & Paper

31,862,036

0.13

5,646,912

0.04

Subtotal

79,120,768

0.33

27,124,852

0.20

Indirect and Induced Contributions on Sectors

Wholesale & Retail Trade

8,998,040

0.04

4,933,694

0.04

Misc. Manufacturing

3,897,472

0.02

2,261,811

0.02

Misc. Services

3,353,659

0.01

1,919,321

0.01

Financial & Real Estate

5,758,895

0.02

3,386,932

0.02

Health Services

2,470,249

0.01

1,470,731

0.01

Transport. & Comm. Services

2,260,360

0.01

969,887

0.01

Resource Services

1,002,974

0.00

926,332

0.01

Domestic Services

1,403,078

0.01

611,335

0.00

Education

171,496

0.00

105,721

0.00

Recreation & Amusement

156,940

0.00

70,619

0.00

Utility Services

1,577,744

0.01

679,566

0.00

Construction

260,813

0.00

82,875

0.00

Government

166,347

0.00

125,439

0.00

Agricultural Products

17,589

0.00

4,101

0.00

Metal Industries

37,214

0.00

16,011

0.00

Mining

31,341

0.00

7,578

0.00

Glass, Stone, & Clay

22,523

0.00

8,149

0.00

Petroleum & Chemicals

33,700

0.00

8,127

0.00

Food Processing

24,806

0.00

5,639

0.00

Machinery & Equipment

2,379

0.00

840

0.00

Agricultural Processing

1,426

0.00

249

0.00

Fabric Mills & Leather

229

0.00

68

0.00

Farm Inputs & Machinery

553

0.00

75

0.00

Technology Industries

78

0.00

15

0.00

Transportation Equipment

76

0.00

7

0.00

Subtotal

31,649,980

0.13

17,595,122

0.13

TOTAL CONTRIBUTIONS

110,770,749

0.46

44,719,974

0.32

Rest of County

23,961,699,538

99.54

13,786,276,145

99.68

Total in County

24,072,470,287

100.00

13,830,996,119

100.00

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

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

Total forestland acres, 2018

248,886

Private ownership acres

233,295

Public ownership acres

15,591

Forestland assessed value, 2018

$14,144,394

Ad valorem tax collections from forestland, 2018

$1,695,489

Value of standing timber, 2018

$584,457,646

Value of timber harvested, 2019

$17,598,298

Timber severance tax collections (100%), 2019

$47,198

Tax to Forest Resource Development Program (80%)

$37,758

Tax returned to county government (20%)

$9,440

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.


M1724 (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- Hinds 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