Forest Economics in Missouri

Project Lead

  • Thomas Treiman

Project Partners

  • United States Forest Service
Logging the old-fashioned way - by horse!

Project Summary

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

Project Updates

Timber Price Trends July. - Sept, 2018

The latest on timber prices in Missouri. MDC publishes quarterly timber prices trends, based on a rolling average of reports received from state and private foresters over the previous 12 months. The report 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.

Just the numbers: 2017 economic impacts of forestry in Missouri

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 Datasets

Project Papers & Presentations

(Economic) Life without Missouri’s Forests

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.

Topics

Natural Resource Economics, Tree Research, Trees/Plants

Tags

Regional Economics