Study Measures Economic Impact of Kentucky Forests
The University of Kentucky's Departments of Forestry and Agricultural Economics recently announced the findings from an economic impact study on the wood and forest industries in the Commonwealth. The study found that Kentucky's forest industries contribute nearly $10 billion to the state's economy each year.
Dr. Jeffrey W. Stringer of the University of Kentucky says about three-fourths of the state's forests remain in private hands, and they continue to grow at a faster rate than they are being removed. The study found that the state's forest industries provide about 2.7 % of the jobs in Kentucky, with more than 24,000 people being employed by the logging and wood/paper industries.
The report was announced at the 93rd annual meeting of the Kentucky Farm Bureau Federation.