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Henderson nacaa
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%
5. 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 Henderson, J.E., I.A. Munn, G. Perez-Verdin, D.L. Grebner. 2008.
7. 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
8. 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
9. 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
12. 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
13. 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
14. 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
15. 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
20. Total Jobs ImpactAs Percent of County Total Total Jobs ImpactDirect, Indirect, & Induced Economic Impact: Greater in rural counties Smaller in urban counties
21. Total Jobs ImpactAs Percent of County Total Total Jobs ImpactDirect, Indirect, & Induced Economic Impact: Smaller in urban counties
22. Total Jobs ImpactAs Percent of County Total Total Jobs ImpactDirect, Indirect, & Induced Economic Impact: Greater in rural counties
23. 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)
