Florida Forest Industry Generates Nearly $13B in Annual Sales, 36,000 Jobs
Article ID: 687460
Released: 4-Jan-2018 8:05 AM EST
Source Newsroom: University of Florida Institute of Food and Agricultural Sciences
Newswise — GAINESVILLE, Fla. --- Florida’s forest industry generated $12.55 billion in sales revenues in 2016, which translated to more jobs, according to a new UF/IFAS economic report. The sales figure is up about $4.77 billion from 2003, according to the report.
More money sometimes means more jobs, and in the case of the forest industry, it did. For 2016, the industry directly employed 36,055 people in full- and part-time jobs, a 19.53 percent increase from the 30,164 employees in 2003. The latest report uses data from calendar year 2016, while the last UF/IFAS report on forest economics covered data from 2003.
“The forest industry is one of the largest agricultural commodity groups in Florida in terms of total economic contributions, similar in size to environmental horticulture,” said Christa Court, a UF/IFAS assistant scientist in food and resource economics and a co-author of the report.
Total economic contributions of the forestry industry – including industry supply chain activity and re-spending of income by households and governments – include 124,104 jobs and $25.05 billion in industry output, the report shows.
UF/IFAS researchers base their economic report on direct employment data for 32 forest industry sectors.
Forestland accounts for half of Florida’s land area, and the Sunshine State’s forest acreage has gone up from more than 16 million acres in 2003 to 17.16 million in 2016, according to the report.
Private corporations or individuals own about 66 percent of that land, which is often managed to commercially produce a variety of products for building materials, paper and packaging products, chemicals, and renewable biomass fuels, the report shows.
The top 10 Florida counties in terms of forest industry direct sales revenues are, in descending order, Duval, Miami-Dade, Taylor, Polk, Nassau, Bay, Hillsborough, Putnam, Broward and Escambia, according to the report.
“The forest industry provides important economic contributions throughout Florida in both highly urbanized and rural areas,” Court said. “Economic contributions and community dependence on the forest industry varies greatly throughout the state.”
At the state level, total forest industry employment contributions represented 1.1 percent of the 2016 Florida workforce, she said. However, certain counties are critically dependent on the forest industry, which contributes more than 20 percent of their total employment. Those counties are Dixie, Liberty, Nassau and Taylor.
While Florida forests generate billions in sales revenues, they also provide environmental benefits. Those include surface and groundwater storage, air and water purification, carbon storage, soil preservation and more, the report says. Although this report did not quantify those impacts, researchers compiled secondary sources that suggest a statewide ecosystem services value of about $24 billion to $32 billion annually.
“Public forestlands in Florida attract a significant number of recreational visitors as well as provide many non-marketed environmental or ecosystem services,” she said.
By: Brad Buck, 352-294-3303, email@example.com
The mission of the University of Florida Institute of Food and Agricultural Sciences is to develop knowledge relevant to agricultural, human and natural resources and to make that knowledge available to sustain and enhance the quality of human life. With more than a dozen research facilities, 67 county Extension offices, and award-winning students and faculty in the UF College of Agricultural and Life Sciences, UF/IFAS works to bring science-based solutions to the state’s agricultural and natural resources industries, and all Florida residents. Visit the UF/IFAS web site at ifas.ufl.edu and follow us on social media at @UF_IFAS.