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 operator can’t make money, Mr. Barrett, the way he’s ground between the owners of stumpage and the men down-river who buy his logs in the boom.

From King Spruce, A Novel by Day, Holman

Mistress Harding and the big girls had promised several dainties for supper, among which was a berry pudding, the girls having picked the berries that morning while their brothers were clearing the stumpage.

From With Ethan Allen at Ticonderoga by Foster, W. Bertram

Toward the lakeside the slopes were alternately tree covered and of raw stumpage where the timber had recently been cut.

From The Corner House Girls Snowbound by Hill, Grace Brooks