stumpage

[stuhm-pij]

noun

1. standing timber with reference to its value.

2. the value of such timber.

stumpage

/ 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

Word History and Origins

Origin of stumpage¹

First recorded in 1815–25; stump + -age

Example Sentences

The United States has based its tariffs on a finding that Canadian timber harvested from federal and provincial lands with low government-set stumpage fees constitutes an unfair subsidy, while most U.S. timber is harvested from private land at market rates.

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The United States has said that Canadian timber harvested from federal and provincial lands with low government-set stumpage fees constitutes an unfair subsidy, while most U.S. timber is harvested from private land at market rates.

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

Read more on Seattle Times

Provincial agencies set the price loggers must pay — delightfully known as the “stumpage fee” — for cutting down pines and other conifers, a.k.a., “soft” wood.

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U.S. producers say that this results in below-market stumpage fees for Canadian loggers — or, as the U.S. industry contends, a subsidy.

Read more on Washington Post