Wisconsin Forest Products Industry Generates $27.8 Billion Annually
What happened
The Wisconsin Department of Natural Resources analyzed state forest products. The analysis showed that the forest products business directly generates $27.8 billion in forestry goods annually and supports the employment of more than 55,000 people in Wisconsin. The total economic value of forest products in the state is reported to be $43.5 billion, supporting 127,000 jobs statewide.
Why it matters
Forest products contribute significantly to Wisconsin's economy, involving about 1,000 companies in the forest products industry and an additional 270 companies in logging and forestry support sectors.
The Wisconsin Department of Natural Resources has declared resource management initiatives for the state.
Who's involved
- Wisconsin Department of Natural ResourcesConducted the analysis of state forest products.
- WisconsinThe state where the forest products industry operates.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
Could see shifts in employment figures related to the industry's large job base.
May see changes in the economic scale of regulated trade within the sector.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Forest products data may shape Wisconsin's resource management strategyThe state's forest products data could influence Wisconsin's resource and economic policy.Possible
- DNR forest analysis may change land use along scenic trailDNR forest analysis could lead to resource management changes along scenic trailPossible
- Forest products data analysis may shape DATCP's trade and conservation policiesForest products data analysis could influence DATCP's trade and conservation policiesPossible
- Forest products data may shape Governor Evers' policy prioritiesForest products data may influence Governor Evers' resource and economic policiesPossible
Keep exploring
The entities involved
-
Wisconsin Department of Natural Resources
government agency
-
Wisconsin
state of the United States of America