stumpage
/ˈstʌmɪdʒ/Definitions
1. noun
The value of a forest or a tract of land for its timber; the rate at which a forest is cut down.
“The forester estimated the stumpage value of the newly harvested trees at over $10 million.”
2. noun
The trunk or stump of a tree, especially one that has been cut down.
“The loggers left the stump of the ancient tree standing as a reminder of the forest’s history.”