WBIW.com News - state

Brought to you by WBIW News and Network Indiana

Indiana's Forests Help Drive The State's Economy

Last updated on Wednesday, August 31, 2016

(UNDATED) - Indiana’s forests contribute $13.5 billion annually to the economy, according to an updated report from the DNR Division of Forestry.

The report, titled "Indiana Hardwood Industry: Its Economic Impact," was originally published in 2005, and was updated in 2010 and again this year.

The report summarizes the economic contribution of the entire Indiana forest products industry. That includes measuring the financial impact of the industry from forest landowners to the secondary industry that processes boards into products and the entire manufacturing chain.

The full report is at dnr.IN.gov/forestry/files/fo-Hrdwd_Imp_2016.pdf.

Indiana has a history of manufacturing quality hardwood products. The state is a leading producer of office furniture, manufactured homes, kitchen cabinets, caskets and coffins and hardwood plywood-based products.

Data gathered for the report came mostly from 2012. Some of the highlights are:
Total economic impact of forest products was $13.5 billion.

The hardwood industry employed 30,845 people.

Annual wages of $1.3 billion were paid.

Total value of shipments of $7 billion accounted for 2.4 percent of Indiana's gross domestic product.

Forest covers 4,879,577 acres in Indiana.

The timber value of managed forests is about 27 percent higher than unmanaged forests.

1340 AM WBIW welcomes comments and suggestions by calling 812.277.1340 during normal business hours or by email at comments@wbiw.com

© Ad-Venture Media, Inc. All Rights Reserved.

Click here to go back to previous page