Itawamba - College of Forest Resources - Mississippi State University

Itawamba County Forestland Acreage, Ownership, Value, and Taxes Collected.DESCRIPTION UNIT VALUEForestland Owners number 2,342Land in Forests acres 229,015Private Individual Timberland Ownership acres 142,708Forest Industry Timberland Ownership acres 41,036Federal Government Timberland Ownership acres 43,363State and Local Timberland Ownership acres 1,908Forestland Assessed Valued (2008) dollars 7,573,422Ad Valorem Tax Collections from Forestland (2008) dollars 814,900Value of Standing Timber in 2007 dollars 365,208,225Value of Timber Harvested in 2007 dollars 14,330,734Timber Severance Tax Collections (100%) dollars 41,251Tax to Forest Resource Development Program (80%) dollars 33,001Tax Returned to County Government (20%) dollars 8,250Sources: Forestland ownership, acreage, and timber volumes were estimated using the Mississippi Institute for Forest Inventory(MIFI) Dynamic Report Generator Software. Tax collections according to Mississippi Tax Commission. Timber harvest value accordingto the Mississippi Harvest of Forest Products Report.Copyright 2010 by Mississippi State University. All rights reserved. This publication may be copied and distributed without alteration for nonprofit educational purposesprovided that credit is given to the Mississippi State University Extension Service.By Dr. James Henderson, Assistant Extension Professor, Forestry and Dr. Ian A. Munn, Professor, Forestry.Discrimination based upon race, color, religion, sex, national origin, age, disability, or veteran’s status is a violation of federal and state law and MSU policy and will notbe tolerated. Discrimination based upon sexual orientation or group affiliation is a violation of MSU policy and will not be tolerated.The Economic Contributionof Forestry and Forest ProductsItawamba CountyM 1770Extension 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.Dr. Joe Street, Interim Director (40-10-10)

EMPLOYMENT AND INCOME IMPACTSForest-related economic activity in ItawambaCounty generated 1,008 jobs and over $32million in income during 2007. That’s about13.8% of jobs and 13.3% of income in thecounty. Employment is the number of full- andpart-time jobs in all sectors of the economy.Income is salaries and wages paid to employees.Impacts from Forest-Related Sectors on Employmentand Income in Itawamba County, Mississippi, 2007.NUMBER % OF INCOME % OFOF JOBS COUNTY ($) COUNTYDIRECT IMPACT FROM FOREST-RELATED SECTORSForestry Services 3 0.04 56,086 0.02Logging 72 0.99 2,449,110 1.02Solid Wood Products 121 1.65 3,832,984 1.59Pulp and Paper 4 0.06 859,717 0.36Wood Furniture 649 8.88 19,589,938 8.13Subtotal 849 11.61 26,787,835 11.12TOTAL OUTPUT AND VALUE ADDED IMPACTSForestry and the forest products industrygenerated over $140 million, or about 8.1% ofItawamba County’s economic output. Forestrelatedvalue added amounted to $45.4 million,or about 9.2% of all value added in the county.The value of all goods and services produced isdefined as total output. Value added representsthe creation of new wealth.TAX IMPACTSForest-related economic activity contributed anestimated $9 million in tax revenue for federal,state, and local governments. This total includesan estimated tax revenue of $6.5 million forfederal and $2.5 million for state and localgovernments.Estimates developed using IMPLAN® softwareand data.Impacts from Forest-Related Sectors on Total Output and ValueAdded in Itawamba County, Mississippi, 2007.OUTPUT % OF VALUE % OF($) COUNTY ADDED ($) COUNTYDIRECT IMPACT FROM FOREST-RELATED SECTORSForestry Services 57,369 0.00 47,963 0.01Logging 14,328,749 0.83 8,113,237 1.65Solid Wood Products 28,593,644 1.65 5,644,647 1.15Pulp and Paper 1,875,731 0.11 921,421 0.19Wood Furniture 81,076,905 4.67 21,607,482 4.40Subtotal 125,932,398 7.26 36,334,750 7.40ITAWAMBAForestry and forest products areimportant to Itawamba County’seconomy. They contribute tomany sectors of the economy.The economic contribution offorest-related sectors and theirimpacts on other sectors can beestimated using input-outputanalysis. Using 2007 data,this study estimates the totaleconomic contribution of forestryand the forest products industry toItawamba County, Mississippi.INDIRECT AND INDUCED IMPACTS ON SECTORSEducation 36 0.49 1,532,054 0.64Retail/Wholesale Trade 34 0.47 975,376 0.40Services 19 0.25 415,014 0.17Construction/Manufacturing 18 0.25 796,185 0.33Health Care 16 0.22 521,369 0.22Government 15 0.20 607,424 0.25Food Services 9 0.12 98,306 0.04Real Estate/Finance/Insurance 7 0.09 185,242 0.08Transportation/Warehousing 3 0.04 151,513 0.06Agricultural Production/Services 2 0.03 40,315 0.02Hotels/Entertainment 1 0.01 16,392 0.01Food/Fiber Products 0 0.00 2,708 0.00Subtotal 159 2.18 5,341,895 2.22TOTAL IMPACT 1,008 13.79 32,129,730 13.33Rest of County 6,306 86.21 208,835,691 86.67Total in County 7,314 100.00 240,965,420 100.00INDIRECT AND INDUCED IMPACTS ON SECTORSEducation 1,746,751 0.10 1,719,952 0.35Retail/Wholesale Trade 2,406,357 0.14 1,588,056 0.32Services 1,191,487 0.07 538,413 0.11Construction/Manufacturing 3,015,907 0.17 1,342,129 0.27Health Care 942,973 0.05 623,971 0.13Government 873,434 0.05 796,608 0.16Food Services 364,072 0.02 136,279 0.03Real Estate/Finance/Insurance 3,357,950 0.19 2,019,512 0.41Transportation/Warehousing 430,524 0.02 203,907 0.04Agricultural Production/Services 162,532 0.01 63,730 0.01Hotels/Entertainment 36,200 0.00 24,817 0.01Food/Fiber Products 36,121 0.00 3,885 0.00Subtotal 14,564,308 0.84 9,061,259 1.84TOTAL IMPACT 140,496,705 8.10 45,396,010 9.24Rest of County 1,594,057,411 91.90 445,829,136 90.76Total in County 2,064,381,303 100.00 758,826,529 100.00