Noun
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.
Source: Webster's dictionaryThose higher prices are being driven by a lack of supply and the fact the B.C. government set a higher stumpage fee — a fee individuals and companies pay to harvest lumber on crown land — early in the pandemic, but Priddle said demand hasn't decreased. Source: Internet
When the price of lumber goes up and down, that means the pricing of stumpage is inappropriate within months.” Source: Internet