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The Economic Contribution of Forestry and Forest Products - Lincoln County

Publication Number: M1678
View as PDF: M1678.pdf

Lincoln County

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

Employment and Income Contributions

Forest-related economic activity in Lincoln County during 2018 generated 1,043 jobs and over $53.6 million in income. That’s about 5.8% of jobs and 7.8% 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 $184.2 million, or about 7.6% of economic output in Lincoln County. Forest-related value added amounted to over $85.6 million, or about 7.7% 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 $16.21 million in tax revenue for federal, state, and local governments. This represents an estimated tax revenue of $11.11 million for federal and $5.10 million for state and local governments.

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

 

Number of Jobs

% of County

Income ($)

% of County

Direct Contributions from Forest-Related Sectors

Misc. Forest Products

10

0.05

463,391

0.07

Logging

321

1.79

17,546,937

2.55

Solid Wood Products

338

1.88

20,992,721

3.05

Wood Furniture

1

0.01

83,687

0.01

Pulp & Paper

0

0.00

0

0.00

Subtotal

670

3.73

39,086,737

5.67

Indirect and Induced Contributions on Sectors

Misc. Services

80

0.44

2,075,399

0.30

Wholesale & Retail Trade

76

0.42

3,200,389

0.46

Resource Services

54

0.30

2,581,895

0.37

Misc. Manufacturing

52

0.29

726,672

0.11

Health Services

38

0.21

2,770,970

0.40

Transport. & Comm. Services

26

0.15

1,690,576

0.25

Financial & Real Estate

24

0.14

659,422

0.10

Education

4

0.02

128,997

0.02

Recreation & Amusement

4

0.02

16,169

0.00

Domestic Services

4

0.02

229,619

0.03

Construction

3

0.02

159,863

0.02

Utility Services

3

0.01

81,707

0.01

Agricultural Products

2

0.01

78,507

0.01

Government

1

0.01

109,465

0.02

Mining

0

0.00

10,017

0.00

Transportation Equipment

0

0.00

3,259

0.00

Petroleum & Chemicals

0

0.00

2,050

0.00

Agricultural Processing

0

0.00

1,008

0.00

Metal Industries

0

0.00

427

0.00

Food Processing

0

0.00

260

0.00

Machinery & Equipment

0

0.00

69

0.00

Farm Inputs & Machinery

0

0.00

31

0.00

Glass, Stone, & Clay

0

0.00

2

0.00

Fabric Mills & Leather

0

0.00

0

0.00

Technology Industries

0

0.00

0

0.00

Subtotal

373

2.08

14,526,774

2.11

TOTAL CONTRIBUTIONS

1,043

5.81

53,613,511

7.78

Rest of County

16,911

94.19

635,578,105

92.22

Total in County

17,954

100.00

689,191,616

100.00

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

 

Output ($)

% of County

Value Added ($)

% of County

Direct Contributions from Forest-Related Sectors

Misc. Forest Products

649,982

0.03

467,189

0.04

Logging

27,528,921

1.14

17,040,645

1.52

Solid Wood Products

111,794,455

4.62

44,501,699

3.98

Wood Furniture

289,745

0.01

85,161

0.01

Pulp & Paper

0

0.00

0

0.00

Subtotal

140,263,103

5.80

62,094,693

5.55

Indirect and Induced Contributions on Sectors

Misc. Services

5,593,342

0.23

2,957,747

0.26

Wholesale & Retail Trade

10,972,794

0.45

6,078,523

0.54

Resource Services

2,616,481

0.11

2,212,339

0.20

Misc. Manufacturing

2,515,971

0.10

845,481

0.08

Health Services

5,540,265

0.23

3,192,509

0.29

Transport. & Comm. Services

4,728,330

0.20

2,298,372

0.21

Financial & Real Estate

8,158,053

0.34

4,538,512

0.41

Education

184,362

0.01

115,207

0.01

Recreation & Amusement

119,473

0.00

47,568

0.00

Domestic Services

1,486,254

0.06

658,870

0.06

Construction

632,436

0.03

210,673

0.02

Utility Services

708,824

0.03

213,394

0.02

Agricultural Products

421,738

0.02

32,837

0.00

Government

177,121

0.01

124,998

0.01

Mining

98,206

0.00

13,285

0.00

Transportation Equipment

25,623

0.00

4,104

0.00

Petroleum & Chemicals

20,860

0.00

3,801

0.00

Agricultural Processing

11,810

0.00

1,181

0.00

Metal Industries

1,715

0.00

498

0.00

Food Processing

1,153

0.00

331

0.00

Machinery & Equipment

367

0.00

135

0.00

Farm Inputs & Machinery

587

0.00

60

0.00

Glass, Stone, & Clay

17

0.00

5

0.00

Fabric Mills & Leather

0

0.00

0

0.00

Technology Industries

0

0.00

0

0.00

Subtotal

44,015,781

1.82

23,550,428

2.10

TOTAL CONTRIBUTIONS

184,278,884

7.61

85,645,121

7.65

Rest of County

2,236,031,866

92.39

1,033,323,999

92.35

Total in County

2,420,310,750

100.00

1,118,969,120

100.00

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

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

Total forestland acres, 2018

304,322

Private ownership acres

290,648

Public ownership acres

13,674

Forestland assessed value, 2018

$9,689,310

Ad valorem tax collections from forestland, 2018

$1,072,704

Value of standing timber, 2018

$443,855,126

Value of timber harvested, 2019

$26,411,561

Timber severance tax collections (100%), 2019

$90,519

Tax to Forest Resource Development Program (80%)

$72,415

Tax returned to county government (20%)

$18,104

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.


M1678 (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- Lincoln 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