stumpage

American  

[stuhm-pij] / ˈstʌm pɪdʒ /

noun

1. standing timber with reference to its value.

2. the value of such timber.

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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

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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

The sales are of stumpage only; the government does no logging on its own account.

From Encyclopaedia Britannica, 11th Edition, Volume 10, Slice 6 "Foraminifera" to "Fox, Edward" by Various

The price of stumpage has been doubled and trebled, no small mills have been or can be successfully started, and the price of lumber to consumers has been increased.

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

The Honorable Pulaski promptly checked the incoherent expostulations of the stumpage baron.

From King Spruce, A Novel by Day, Holman