stumpages
/ˈstʌmpɪdʒɪz/
noun
- Fees or royalties paid for the right to cut and remove timber from a piece of land.
- Landowners often negotiate stumpages with timber buyers before any trees are cut.
- The logging company paid stumpages to the state for every tree harvested.
- The increase in stumpages made it more expensive for the mill to source wood.
- The standing timber itself that is sold or valued for cutting.
- The insurance policy covered damage to the stumpages from wildfire.
- The forester estimated the value of the stumpages on the 200-acre property.
- They auctioned off the stumpages to the highest bidder last spring.