Stumpage

Stump"age

(?), n. 1. 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. [Local, U.S.]
[1913 Webster]

Only trees above a certain size are allowed to be cut by loggers buying stumpage from the owners of land.
C. S. Sargent.
[1913 Webster]

2. A tax on the amount of timber cut, regulated by the price of lumber. [Local, U.S.] The Nation.
[1913 Webster]

 

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Sat 15th December 2018