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stumpage

Syllabification: stump·age
Pronunciation: /ˈstəmpēj
 
/

Definition of stumpage in English:

noun

1A price on standing timber and the right to harvest it, reckoned as a unit value per stump.
Example sentences
  • 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.
Example sentences
  • 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.

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