stumpage
Uncut forest value
Stumpage is the value of standing timber, or the price paid for the right to harvest it.
The term comes from stump—what remains after a tree is cut.
Landowners sell stumpage rights to logging companies: The stumpage fees barely covered the cost of replanting.
In forestry economics, stumpage prices fluctuate with lumber markets.
Gathering mature crops
- fellingDowning standing timber
- clearcutUnambiguous and definite
- cruisingMoving at relaxed pace
- markingIndicating with symbols
bucking · skidder · yarder · landing · hauling · sawlog · pulpwood · coupe
Estimation of worth
- assessmentFormal evaluation of worth
- cruiseLeisurely ocean voyage
- royaltyPayment for usage rights
- bidOffer to purchase
Forest cultivation practice
- pulpwoodTimber for paper manufacture
- reforestationReplanting depleted woodlands
harvest
Gathering mature crops
marking · bucking · skidder · yarder · landing · hauling · sawlog · pulpwood · coupe · rotation
appraisal
Estimation of worth
- assessmentFormal evaluation of worth
- cruiseLeisurely ocean voyage
- royaltyPayment for usage rights
silviculture
Forest cultivation practice
- pulpwoodTimber for paper manufacture
- reforestationReplanting depleted woodlands
commodity
Fungible traded good
- supplyFurnish or stock
- demandForceful request or requirement
- pricingEstablishing monetary amounts charged
export · import · tariff · trade · revenue · royalty · concession
stumpagefinished lumber
Wood planed and surfaced
lumber · dimensional lumber · wood products · pulp · veneer