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Webster 1913 Edition

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.

[Local, U.S.]

Only trees above a certain size are allowed to be cut by loggers buying

stumpage

from the owners of land.

C. S. Sargent.

A tax on the amount of timber cut, regulated by the price of lumber.

[Local, U.S.]

The Nation.

stumpage ‎(countable and uncountable, plural stumpages)

Trees and other standing timber, treated as a commodity.
- C. S. Sargent
  Only trees above a certain size are allowed to be cut by loggers buying stumpage from the owners of land.
The value of this timber.
The right to fell such timber.
The fee for the right to fell such timber.
(Can we find and add a quotation of The Nation to this entry?)
- 1895, Congressional serial set, United States. Government Printing Office, page 177:
  The cost of getting logs from the stump to the various sawmills, including cutting, hauling, driving, boomage, shorage, tolls, and other expenses, is, on an average, from $8 to $8.50 per 1000 feet. The average cost of stumpage is $2