Economics

The forest products industry is the number-one manufacturing industry in North Carolina. It employees 70,000 people throughout the state, contributes $18.5 billion in gross sales and pays $912 million in local, state and federal taxes.

FOREST SECTOR IMPACT DATA

North Carolina has 18.1 million acres of timberland, which supports a vibrant forest products industry throughout the state. For details of the economic contribution of the state’s forest sector in 2016 read Economic Contribution of the Forest Sector in North Carolina, 2016. To learn more about the forest sector’s economic impact for a specific county, click here.

TAXES

North Carolina and the federal government offer a variety of tax incentives, tax credits and tax deductions to qualifying woodland owners.

COST-SHARE PROGRAMS

Cost-share programs available under the USDA  Farm Bill  and through state agencies provide financial assistance and technical know-how to help forest landowners manage their land.

SELLING TIMBER

Landowners invest years in growing and managing their timber. And for most, selling timber is a once or twice in a lifetime transaction. Mistakes can have long-term financial and environmental consequences. Here is some information that can help you maximize your return and avoid costly mistakes.