The Nation's Income From Timber Products

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Abstract:

The timber-products industries of the United States are an important segment of the national economy. One measure of this importance is the amount of money income received by people as a result of the harvesting and processing of timber products. Estimates of income from timber products in 1958 are given here together with the estimates of raw timber value and value added by manufacture from which they were derived. In general, national income and product accounting concepts of the U.S. Bureau of Census were employed. Income payments were derived from estimates of the value of raw timber products and value added by timber manufacture by means of product value-income ratios developed by the Census for the timber-products industries. The resulting estimates of income payments from the production and manufacture of timber products include wage and salary disbursements and other labor income, proprietor's income, and corporate profits. In addition some rental income and interest is included. Other income payments referred to in this article--total income, and income from farming, trades and services, manufacturing, and other sources--were obtained from published data of the U.S. Department of Commerce. Income payments from farming and manufacturing were adjusted so as to exclude timber products. The method used indicated that the output of raw timber products in the United States was worth $3.0 billion in 1958. Further manufacture added $11.7 billion in value. In terms of income payments to individuals, raw timber products yielded $2.2 billion; manufacturing, $8.9 billion. The total income from timber production and manufacture--$11.1 billion--was 4.5 percent of the more than $245 billion in private income received in the United States from all sources.

Document Type: Journal Article

Affiliations: Professor of Forestry, Department of Forestry, Michigan State University, East Lansing

Publication date: March 1, 1963

More about this publication?
  • The Journal of Forestry is the most widely circulated scholarly forestry journal in the world. In print since 1902, the Journal has received several national awards for excellence. The mission of the Journal of Forestry is to advance the profession of forestry by keeping forest management professionals informed about significant developments and ideas in the many facets of forestry: economics, education and communication, entomology and pathology, fire, forest ecology, geospatial technologies, history, international forestry, measurements, policy, recreation, silviculture, social sciences, soils and hydrology, urban and community forestry, utilization and engineering, and wildlife management. The Journal is published bimonthly: January, March, May, July, September, and November.
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