noun
- the value of standing timber or the price paid for the right to cut it
Usage: forestry; commercial logging
Examples
- The logging company negotiated stumpage rates with the landowner.
- Stumpage prices have increased due to high demand for lumber.
- The forest service calculates stumpage fees based on timber volume and species.
- Private landowners can earn income from stumpage sales.
- The contract specified stumpage payments per thousand board feet.
- Rising stumpage costs affected the mill’s profit margins.