The Importance of the Forest Products Industry in the Wisconsin Economy
File(s)
Date
1980-05Author
OYEKOLA AMOSUN, Olalere
Publisher
University of Wisconsin-Stevens Point, College of Natural Resources
Metadata
Show full item recordAbstract
The aggregated forest products industry is comprised of
lumber and wood products, furniture and fixtures and paper
and allied products industries. The contribution of the
forest products industry in the Wisconsin economy from 1967
to 1977 was examined in terms of employment, payroll, value
added, value of shipments, new capital expenditures, costs
of materials, number of production workers and wages paid,
using data from 1971 Census of Manufactures.
The forest products industry ranked first among the
Wisconsin manufacturing industries in investment on machinery;
second in employment, payroll, value added, number of
production workers and wage paid; third in value of shipments and fourth in costs of materials used.
The industry will continue to experience moderate real
growth in the next ten years 1978-1987. The most significant
growth will take place in new capital expenditures and
costs of materials.
Data for payroll, value added, value of shipments, new
capital expenditures, costs of materials and wages paid production
workers were adjusted for inflation using 1967 as
the base year.