Through MDC's partnership with the US Forest Service State and Private Forestry and the Northeast Midwest State Forester Alliance (NMSFA) – Forest Markets Committee Missouri was part: a large regional economic assessment looking at the contributio
Forest Economics in Missouri
Charged with managing Missouri’s forest resource, MDC is sometimes called upon to provide information and justification of management activities on more than just biological grounds. What is the economic impact of Missouri’s forest products? To answer this, MDC undertakes periodic assessments of the economic impact of the forest products industry on the state as a whole by working with data collected by the Federal government
Jan- March 2022, the latest on timber prices in Missouri. Quarterly timber prices trends, based on a rolling average of reports received from state and private foresters over the previous 12 months. TPT should only be used as a general guide for determining market value of timber. General market and economic conditions, as well as local considerations such as accessibility, terrain, sale size, and tree size and quality also affect the price paid. Remember that one of the most valuable sources for information on log and timber markets is the local Missouri Department of Conservation Resource Forester or your Consulting Forester.
The Mill Information database contains information about lumber mills in Missouri. You may search by counties where the mill purchases timber, tree species purchased, mill products, or by mill name.
What would life be like if Missouri had no forests? Besides being a lot less pleasant, scenic and enjoyable for us and the plants and animals that rely on Missouri’s forests, Missouri’s wallets would take a big hit! Working with data collected by the Federal government, other branches of state government and the Missouri Department of Conservation’s (MDC) own foresters, MDC undertakes periodic assessments of the economic impact of the forest products industry on the state as a whole.
Project Papers & Presentations
In the spring and early summer of 2019, the Missouri Department of Conservation interviewed mill owner/operators from a random-sample of primary wood processors throughout the state, asking for information on their firms from 2018. In this report we present forest industry trends, harvest levels and other details. Such detailed information is necessary for intelligent planning and decision making in wood procurement, forest resources management, and forest industry development. Likewise, researchers need current forest industry and industrial roundwood information for planning projects.
Economic impact analysis (EIA) examines the effect of a policy, program, project, activity or event on the economy of a given area. The area can range from a neighborhood to the entire globe. Economic impact is usually measured in terms of changes in economic growth (output or value added) and associated changes in jobs (employment) and income (wages). The analysis typically measures or estimates the level of economic activity occurring at a given time with the activity occurring, and calculating the difference from what would otherwise be expected if the activity did not occur (which is referred to as the counterfactual case). This analysis can be done either before or after the fact (ex ante or ex post). The term economic impact can be applied to analysis of the economic contribution of a given activity or industry to the existing local economy.
Natural Resource Economics, Tree Research, Trees/Plants