Montgomery County: 2008 Agricultural Economic Profile

Employment in Agriculture and Forestry made up 4.2% of total jobs created in Montgomery County in 2008 with 2,531 total jobs in these sectors. Primary agriculture was the largest job creator with 1,094 jobs or 63% of total agriculture jobs created. Overall, the forestry industry created 794 jobs or 3.1% of total agriculture and forestry jobs created in 2008.

The value of Agriculture Outputs totaled $273M and was 3.8% of the total Montgomery County economy in 2008. There were over $42M worth of primary agricultural products and services (67%) produced where tobacco, grain and cattle production made up the top three producers. Eighty-one percent (81%) of the County’s secondary agricultural outputs consisted of tobacco manufacturing ($168M) and textiles ($61M).

The value of Forestry Outputs totaled $245M or 3.4% of the total Montgomery County economy in 2008. Commercial logging was a $13M industry that supported 46 jobs in 2008 passing wood through sawmills, and eventually supported the $163M cardboard manufacturing sector. Wood working and cabinetry made up $5M in secondary forestry outputs in 2008.

2008 Agriculture Economic Summary Data

Definitions:

• Output (Total Economic Activity): Annual dollar value of the goods and services that an industry produces
• Employment: Average annual jobs, both full and part-time. Not full-time equivalents
• Employee Compensation: Wages, salaries, benefits, and total contributions to Social Security/Medicare
• Proprietor Income: Self-employment income, including salary, benefits and total contributions to Social Security/Medicare
• Other Property Type Income: Dividends, interest, rent, corporate profits, and capital depreciation
• Indirect Business Taxes: All business taxes and fees paid to governments including sales and excise taxes
• Total Value Added: Gross regional product derived from the income paid to the owners of the factors of production in the model year

Source: 2008 IMPLAN Data, Minnesota IMPLAN Group, Inc., www.implan.com

Special Thanks: Agri-Industry Modeling & Analysis Group (AIMAG), Department of Agricultural & Resource Economics, University of Tennessee (Robert Menard, Dr. Burton C. English, Dr. Kim Jensen)

Produced by: Cumberland Region Tomorrow – Rural Issues Committee

View the 2008 Agricultural Economic Profile: Montgomery County, PDF