Economic Importance of Forestry in Oklahoma in 2012

Economic Contribution

• $4.5 billion total economic contribution
• 18,000 total jobs
• $738.63M total wages
• 43.6M acres total land area
• 12.4M acres forest land
• 7.3M acres timber land
• 6,7700 employed in industry
• $351.67 million in wages
• $2.95 billion direct industry contribution

Oklahoma’s forests and forest product industry directly contributed $2.95 billion in state’s economy and employed over 6,770 people with the annual wages and salaries of $351.67 million. Including direct, indirect, and induced contributions, the industry had a total economic contribution of $4.50 billion in industry output and supported more than 18,000 jobs with the annual wages and salaries in excess of $738.63 million. Every job created in the industry resulted in another 1.66 jobs in the state. Every dollar generated in the industry contributed an additional 53 cents to the rest of the state economy.

 

Oklahoma Forestry Facts

• 43.6 million acres of total land area
• 12.4 million acres of forest land area
• 7.3 million acres of timberland area

 

Key Definitions

Timberland is the forest land that is producing or is capable of producing more than 20 cubic feet per acre of industrial wood.

 

Industry output reveals total value of production or service by industry in a snap-shot of time.

 

Employment includes all full-time, part-time employees and self-employed persons.

 

Direct contributions include forestry sectors own production, value-added, employment and labor incomes.

 

Indirect contributions include economic activities in other sectors impacted by forestry sector’s purchase of goods and services.

 

Induced contributions are economic activities from consumption of goods and services using incomes generated from direct and indirect contributions.

 

Total economic contributions include direct, indirect, and induced contributions.

 

Oklahoma State University, in compliance with Title VI and VII of the Civil Rights Act of 1964, Executive Order 11246 as amended, Title IX of the Education Amendments of 1972, Americans with Disabilities Act of 1990, and other federal laws and regulations, does not discriminate on the basis of race, color, national origin, gender, age, religion, disability, or status as a veteran in any of its policies, practices or procedures. This
includes but is not limited to admissions, employment, financial aid, and educational services.

 

Issued in furtherance of Cooperative Extension work, acts of May 8 and June 30, 1914, in cooperation with the U.S. Department of Agriculture, Director of Oklahoma Cooperative Extension Service, Oklahoma State University, Stillwater, Oklahoma. This publication is printed and issued by Oklahoma State University as authorized by the Vice President, Dean, and Director of the Division of Agricultural Sciences and Natural Resources and has been prepared and distributed at $0.40 per copy 0217 VG.

 

 

Source:

Henderson, J., Boby, L. and W. Hubbard. 2015. The Economic Importance of Forestry in South- 2014. A Regional Peer-reviewed Technology Bulletin by Southern Regional Extension Forestry. SREF-FE-002. http://forestryimpacts.net/reports/southern-region/Forest_Econ_Fact_Sheet_2014.pdf

FIA 2016. Forests of Oklahoma 2014.