Definition of stumpage in English:

stumpage

noun

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

    • ‘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.’
    • ‘Its three divisions - building materials, paper and packaging - were reeling from plummeting prices and skyrocketing stumpage, the fee charged for harvesting crown lands.’
    1. 1.1 A price on timber calculated in board feet, cubic meters, or some other measure.
      • ‘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.’
      • ‘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.’

Pronunciation:

stumpage

/ˈstəmpēj/