Summary
This project assessed the socio-economic impact of the softwood plantation industry in the Central West NSW region for 2021–22. Its aim was to understand the industry’s contribution to regional economies, employment, and community wellbeing. The study combined industry surveys, economic modelling, census data, and community perception research to understand the socio-economic impact of the softwood plantation industry in the region.
Findings show the industry is a major economic driver, generating $458.9 million in direct output and contributing $260.5 million to Gross Regional Product. The industry also supports over 1,200 jobs in the broader economy. Beyond forestry, plantations enable other activities such as livestock grazing and recreational activities, adding social value to the region. Businesses reported intentions to invest in new equipment and systems, despite facing challenges like rising costs and labour shortages. Majority of the community viewed the region as liveable, though concerns remain about access to affordable housing.
Recommendations included addressing workforce skills gaps, improving recruitment strategies, and collaborating with stakeholders to enhance liveability and manage environmental risks, ensuring long-term industry sustainability.
Supporting Documents
CWFH-socio-economic-infographic
Acknowledgement of funding
This report was commissioned by the Central West New South Wales Regional Forestry Hub with funding from the Australian Government, Department of Agriculture, Fisheries and Forestry.
Disclaimer
Reports prepared for Regional Forestry Hubs, and any recommendations contained in the reports, are provided as received by the Hub and are not endorsed positions of the Hub. They do not constitute Australian Government policy.
