stumpage
nounEtymology From stump + -age.
1
Trees and other standing timber, treated as a commodity.
- C. S. Sargent Only trees above a certain size are allowed to be cut by loggers buying stumpage from the owners of land.
2
The value of this timber.
3
The right to fell such timber.
4
The fee for the right to fell such timber.
- The cost of getting logs from the stump to the various sawmills, including cutting, hauling, driving, boomage, shorage, tolls, and other expenses, is, on an average, from $8 to $8.50 per 1000 feet. The average cost of stumpage is $21895, Congressional serial set, United States. Government Printing Office, page 177: