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

What with land, stumpage rights, and tax titles I’ve got two townships, but they’re off the main river, and I haven’t done much with ’em.

From King Spruce, A Novel by Day, Holman

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

From King Spruce, A Novel by Day, Holman

She got her cousin to help her in the transfer of the papers; it was a lease and stumpage contract.

From The White Desert by Fischer, Anton Otto