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

See Examples For:

stumpage

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 lower-grade qualities are often produced from the destructive distillation of sawdust, stumpage, etc., and these products, on account of their content of formaldehyde, are objectionable in odor.

From Paint Technology and Tests by Gardner, Henry A.

This has led to the fear on the part of lumbermen of losing what stumpage they had, and so they have cleared their holdings quickly and sold the timber.

From Wood and Forest by Noyes, William

The government is leasing immense areas on a stumpage royalty of about 1 per cent., and as railways are built the industry will expand.

From Where Half The World Is Waking Up The Old and the New in Japan, China, the Philippines, and India, Reported With Especial Reference to American Conditions by Poe, Clarence Hamilton