stumpage

American  

[stuhm-pij] / ˈstʌm pɪdʒ /

noun

1. standing timber with reference to its value.

2. the value of such timber.

---

stumpage British  

/ ˈstʌmpɪdʒ /

noun

1. standing timber or its value

2. the right to fell timber on another person's land

3. a tax or royalty payable on each tree felled, esp on crown land

---

Etymology

Origin of stumpage

First recorded in 1815–25; stump + -age

Example Sentences

He said stumpage prices — the price timber companies pay for the right to harvest trees — remains up about 25% from last year.

From Seattle Times • Sep. 5, 2022

Among the kinds of property he had sold Bishop Cannon listed "houses and lots, timber stumpage, coal, cotton and bank stocks and stocks and bonds listed on the New York Stock Exchange."

From Time Magazine Archive

Large sums will also be gained by the state from the sale of timber stumpage, and the products of its mineral lands.

From The History of Minnesota and Tales of the Frontier by Flandrau, Charles E. (Charles Eugene)

One of the most important duties the States as well as the Nation have to perform is the transformation of this vast stumpage area into forests and farms.

From Proceedings of the Second National Conservation Congress at Saint Paul, September 5-8, 1910 by United States. National Conservation Congress

These were stumpage buyers from the north woods, down to make another season’s contract with the lord of a million acres of timber land.

From King Spruce, A Novel by Day, Holman