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The Economic Contribution of Forestry and Forest Products - Pontotoc County

Publication Number: M1735
View as PDF: M1735.pdf

Pontotoc County

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

Employment and Income Contributions

Forest-related economic activity in Pontotoc County during 2018 generated 7,715 jobs and over $347.6 million in income. That’s about 42.6% of jobs and 50.7% 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 $1.4 billion, or about 55.8% of economic output in Pontotoc County. Forest-related value added amounted to over $498.2 million, or about 48.2% 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 $95.92 million in tax revenue for federal, state, and local governments. This represents an estimated tax revenue of $67.17 million for federal and $28.75 million for state and local governments.

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

 

Number of Jobs

% of County

Income ($)

% of County

Direct Contributions from Forest-Related Sectors

Misc. Forest Products

1

0.00

36,103

0.01

Logging

10

0.05

1,053,201

0.15

Solid Wood Products

155

0.85

4,839,051

0.71

Wood Furniture

5,503

30.37

263,170,125

38.40

Pulp & Paper

25

0.14

3,474,801

0.51

Subtotal

5,693

31.42

272,573,281

39.78

Indirect and Induced Contributions on Sectors

Wholesale & Retail Trade

572

3.16

23,557,348

3.44

Misc. Services

448

2.47

10,998,957

1.61

Misc. Manufacturing

263

1.45

7,851,379

1.15

Transport. & Comm. Services

262

1.45

17,006,842

2.48

Financial & Real Estate

206

1.14

4,544,876

0.66

Health Services

135

0.74

6,542,604

0.95

Education

28

0.16

632,285

0.09

Construction

22

0.12

742,350

0.11

Domestic Services

19

0.11

514,391

0.08

Utility Services

18

0.10

1,050,563

0.15

Recreation & Amusement

15

0.09

201,433

0.03

Government

14

0.08

997,435

0.15

Agricultural Products

11

0.06

6,968

0.00

Metal Industries

6

0.03

374,119

0.05

Resource Services

1

0.01

52,887

0.01

Mining

0

0.00

6,748

0.00

Glass, Stone, & Clay

0

0.00

7,206

0.00

Petroleum & Chemicals

0

0.00

7,452

0.00

Food Processing

0

0.00

2,022

0.00

Farm Inputs & Machinery

0

0.00

2,348

0.00

Fabric Mills & Leather

0

0.00

637

0.00

Agricultural Processing

0

0.00

1,030

0.00

Transportation Equipment

0

0.00

815

0.00

Machinery & Equipment

0

0.00

210

0.00

Technology Industries

0

0.00

0

0.00

Subtotal

2,022

11.16

75,102,905

10.96

TOTAL CONTRIBUTIONS

7,715

42.58

347,676,186

50.73

Rest of County

10,403

57.42

337,605,506

49.27

Total in County

18,118

100.00

685,281,692

100.00

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

 

Output ($)

% of County

Value Added ($)

% of County

Direct Contributions from Forest-Related Sectors

Misc. Forest Products

52,076

0.00

36,502

0.00

Logging

1,356,529

0.05

1,053,293

0.10

Solid Wood Products

36,960,552

1.42

10,914,117

1.06

Wood Furniture

1,102,360,229

42.48

344,672,809

33.34

Pulp & Paper

19,179,615

0.74

5,694,313

0.55

Subtotal

1,159,909,002

44.70

362,371,034

35.06

Indirect and Induced Contributions on Sectors

Wholesale & Retail Trade

84,427,619

3.25

41,092,532

3.98

Misc. Services

33,342,089

1.28

15,287,443

1.48

Misc. Manufacturing

20,834,401

0.80

9,125,788

0.88

Transport. & Comm. Services

46,012,336

1.77

22,078,485

2.14

Financial & Real Estate

64,938,041

2.50

33,116,751

3.20

Health Services

12,515,622

0.48

6,704,368

0.65

Education

1,061,423

0.04

581,209

0.06

Construction

3,573,813

0.14

893,764

0.09

Domestic Services

4,196,196

0.16

1,163,772

0.11

Utility Services

11,720,632

0.45

3,751,064

0.36

Recreation & Amusement

601,557

0.02

293,241

0.03

Government

1,701,648

0.07

1,148,388

0.11

Agricultural Products

192,110

0.01

54,594

0.01

Metal Industries

1,464,844

0.06

454,294

0.04

Resource Services

58,172

0.00

49,257

0.00

Mining

78,963

0.00

9,795

0.00

Glass, Stone, & Clay

101,177

0.00

14,565

0.00

Petroleum & Chemicals

98,543

0.00

18,604

0.00

Food Processing

21,522

0.00

3,092

0.00

Farm Inputs & Machinery

25,147

0.00

3,291

0.00

Fabric Mills & Leather

4,657

0.00

1,367

0.00

Agricultural Processing

7,985

0.00

1,128

0.00

Transportation Equipment

1,762

0.00

836

0.00

Machinery & Equipment

586

0.00

251

0.00

Technology Industries

328

0.00

0

0.00

Subtotal

286,981,174

11.06

135,847,880

13.14

TOTAL CONTRIBUTIONS

1,446,890,176

55.76

498,218,914

48.20

Rest of County

1,148,000,406

44.24

535,449,190

51.80

Total in County

2,594,890,582

100.00

1,033,668,104

100.00

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

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

Total forestland acres, 2018

170,355

Private ownership acres

164,923

Public ownership acres

5,431

Forestland assessed value, 2018

$4,934,355

Ad valorem tax collections from forestland, 2018

$616,054

Value of standing timber, 2018

$208,392,131

Value of timber harvested, 2019

$6,786,390

Timber severance tax collections (100%), 2019

$19,543

Tax to Forest Resource Development Program (80%)

$15,635

Tax returned to county government (20%)

$3,909

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.


M1735 (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- Pontotoc 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

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