Definition of stumpage in English:
1A price on standing timber and the right to harvest it, reckoned as a unit value per stump.
- Its three divisions - building materials, paper and packaging - were reeling from plummeting prices and skyrocketing stumpage, the fee charged for harvesting crown lands.
- In the 1950s, a housing boom multiplied the timber industry's reliance on stumpage from public lands, and the agency enjoyed a dramatic boost in political prestige and congressional appropriations.
- The coalition's member companies argue Canadian exports are subsidized through provincial forestry policies, especially artificially low stumpage or Crown timber-cutting fees.
1.1A price on timber calculated in board feet, cubic meters, or some other measure.
- Assuming a smaller, but higher grade AAC of 165,000 cubic metres, able to fetch a marginally increased stumpage rate of $28.05, the timber value would jump to $490 million.
- Funding for such work in Nova Scotia comes from a variety of sources, including the provincial government, the wood-consuming companies, as well as the landowner and/or harvesting contractor through a stumpage fee.
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in the UK
Most popular in Canada
Most popular in Australia
Most popular in Spain
Most popular in Malaysia
Most popular in India
Most popular in Pakistan