Definitions for stumpageˈstʌm pɪdʒ
This page provides all possible meanings and translations of the word stumpage
Random House Webster's College Dictionary
standing timber with reference to its value.
the value of such timber.
Origin of stumpage:
Trees and other standing timber, treated as a commodity
The value of this timber
The right to fell such timber
timber in standing trees, -- often sold without the land at a fixed price per tree or per stump, the stumps being counted when the land is cleared
a tax on the amount of timber cut, regulated by the price of lumber
Stumpage is the price a private firm pays for the right to harvest timber from a given land base. It is paid to the current owner of the land. Historically, the price was determined on a basis of the number of trees harvested, or “per stump”. Currently it is dictated by more standard measurements such as cubic metres, board feet, or tons. To determine stumpage, any stand that will be harvested by the firm is first assessed and appraised through processes aimed at finding the volume of timber that is to be harvested. A given stumpage rate, measured in $/volume, is then applied to the amount of timber to be harvested. The firm will then pay this price to the landowner.
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