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Stumpage is the price a private firm pays for the right to harvest timber from a given land base. It is paid to the current owner of the land. Historically, the price was determined on a basis of the number of trees harvested, or "per stump". Currently it is dictated by more standard measurements such as cubic metres, board feet, or tons.
The board foot or board-foot is a unit of measurement for the volume of lumber in the United States and Canada.It equals the volume of a board that is one foot (30.5 cm) in length, one foot (30.5 cm) in width, and one inch (2.54 cm) in thickness.
e. The history of the lumber industry in the United States spans from the precolonial period of British timber speculation, subsequent British colonization, and American development into the twenty-first century. Following the near eradication of domestic timber on the British Isles, the abundance of old-growth forests in the New World posed an ...
By the 1790s, New England was exporting 36 million feet of pine boards and at least 300 ship masts per year to the British Empire. [16] The timber supply began to dwindle at the start of the twentieth century due to significant harvest volumes, so the logging industry was forced to seek timber elsewhere; hence, the expansion into the American West.
In an economically optimum forest rotation analysis, the decision regarding optimum rotation age is undertake by calculating the maximum net present value. It can be shown as follows: NPV and its relationship with rotation age and revenue. Revenue (R) = Volume × Price. Cost (C) = Cost of harvesting + handling. Hence, Profit = Revenue − Cost.
Retrieved November 9, 2020. A standard cord is a unit of measure of wood products 4 feet (122 cm) wide, 4 feet (122 cm) high, and 8 feet (244 cm) long, or its equivalent, containing 128 cubic feet (3.6 m3) when the wood is ranked and well stowed. Any voids that will accommodate a stick, log or bolt of average dimensions to those in that pile ...
Lumber prices. The Canada–U.S. softwood lumber dispute is one of the largest and most enduring trade disputes between both nations. [1] This conflict arose in 1982 and its effects are still seen today. British Columbia, the major Canadian exporter of softwood lumber to the United States, was most affected, reporting losses of 9,494 direct and ...
An established measure for timber consisting of 120 pieces (the Long Hundred or 10 dozen), except the Quebec Standard, which contains 100, of a certain size. The Petrograd or St. Petersburg Standard is the one most generally used in this country. In the early days of timber importing, each of the principal ports had its own standard, but most ...