No Profanity *** No Flaming *** No Advertising *** No Anti Trappers ***NO POLITICS
No Non-Target Catches *** No Links to Anti-trapping Sites *** No Avoiding Profanity Filter


Home~Trap Talk~ADC Forum~Trap Shed~Wilderness Trapping~International Trappers~Fur Handling

Auction Forum~Trapper Tips~Links~Gallery~Basic Sets~Convention Calendar~Chat~ Trap Collecting Forum

Trapper's Humor~Strictly Trapping~Fur Buyers Directory~Mugshots~Fur Sale Directory~Wildcrafting~The Pen and Quill

Trapper's Tales~Words From The Past~Legends~Archives~Kids Forum~Lure Formulators Forum~ Fermenter's Forum


~~~ Dobbins' Products Catalog ~~~


Minnesota Trapline Products
Please support our sponsor for the Trappers Talk Page - Minnesota Trapline Products


Print Thread
Hop To
Page 1 of 3 1 2 3
NAFA Bankrupt? #6595290
08/15/19 01:17 PM
08/15/19 01:17 PM
Joined: Jul 2016
Posts: 405
Michigan
B
BullOx Offline OP
trapper
BullOx  Offline OP
trapper
B

Joined: Jul 2016
Posts: 405
Michigan
Just heard NAFA is going bankrupt, anyone have details?


Trapping is easy you say? You try getting your target animal to step in a 3 inch area of its whole territory.
Re: NAFA Bankrupt? [Re: BullOx] #6595294
08/15/19 01:28 PM
08/15/19 01:28 PM
Joined: Dec 2006
Posts: 5,981
Rock Springs, WI
Z
Zim Offline
trapper
Zim  Offline
trapper
Z

Joined: Dec 2006
Posts: 5,981
Rock Springs, WI
Nope, did not hear that. It sure can't be from overpaying trappers for their fur.

Zim

Re: NAFA Bankrupt? [Re: BullOx] #6595299
08/15/19 01:40 PM
08/15/19 01:40 PM
Joined: Aug 2011
Posts: 45,264
james bay frontierOnt.
B
Boco Offline
trapper
Boco  Offline
trapper
B

Joined: Aug 2011
Posts: 45,264
james bay frontierOnt.
Jim Gibb will know.


Forget that fear of gravity-get a little savagery in your life.
Re: NAFA Bankrupt? [Re: BullOx] #6595312
08/15/19 02:19 PM
08/15/19 02:19 PM
Joined: Jan 2010
Posts: 1,276
Manitoba Canada
M
MB Coonguy Offline
trapper
MB Coonguy  Offline
trapper
M

Joined: Jan 2010
Posts: 1,276
Manitoba Canada
Originally Posted by BullOx
Just heard NAFA is going bankrupt, anyone have details?


From who did you hear?

Re: NAFA Bankrupt? [Re: BullOx] #6595313
08/15/19 02:20 PM
08/15/19 02:20 PM
Joined: Dec 2006
Posts: 17,548
Rodney,Ohio
SNIPERBBB Offline
trapper
SNIPERBBB  Offline
trapper

Joined: Dec 2006
Posts: 17,548
Rodney,Ohio
I think this started on the stateupnorth outdoors forum.

Last edited by SNIPERBBB; 08/15/19 02:21 PM.
Re: NAFA Bankrupt? [Re: MB Coonguy] #6595315
08/15/19 02:33 PM
08/15/19 02:33 PM
Joined: Jul 2016
Posts: 405
Michigan
B
BullOx Offline OP
trapper
BullOx  Offline OP
trapper
B

Joined: Jul 2016
Posts: 405
Michigan
Originally Posted by MB Coonguy
Originally Posted by BullOx
Just heard NAFA is going bankrupt, anyone have details?


From who did you hear?


Some guys were talking about it at the Michigan convention I heard


Trapping is easy you say? You try getting your target animal to step in a 3 inch area of its whole territory.
Re: NAFA Bankrupt? [Re: BullOx] #6595321
08/15/19 02:43 PM
08/15/19 02:43 PM
Joined: Aug 2011
Posts: 45,264
james bay frontierOnt.
B
Boco Offline
trapper
Boco  Offline
trapper
B

Joined: Aug 2011
Posts: 45,264
james bay frontierOnt.
Likely just rumours or wishful thinking from the competition.


Forget that fear of gravity-get a little savagery in your life.
Re: NAFA Bankrupt? [Re: BullOx] #6595326
08/15/19 02:55 PM
08/15/19 02:55 PM
Joined: Jun 2010
Posts: 16,261
Iowa
~ADC~ Offline
The Count
~ADC~  Offline
The Count

Joined: Jun 2010
Posts: 16,261
Iowa
You're not the only one to hear it Bullox. Time will tell.

Anyone know how bankruptcy works in Canada?

Re: NAFA Bankrupt? [Re: BullOx] #6595331
08/15/19 03:05 PM
08/15/19 03:05 PM
Joined: Jan 2007
Posts: 16,681
north Idaho
W
wissmiss Offline
trapper
wissmiss  Offline
trapper
W

Joined: Jan 2007
Posts: 16,681
north Idaho
Lots of rumors going around about NAFA. None of which are 100% true.

NAFA is going through a trying period financially. Has mostly to do with production loans to mink ranchers and the low prices for ranch mink the past few years. NAFA has the situation under control and are working out a few small issues.

It is business as usual with the upcoming sale. Shippers are getting paid when their goods sell. Buyers with fully paid for goods are getting their goods shipped.

And it will be business as usual next season as well. You will most likely see some minor adjustments. Fewer cash advances on consigned goods. Fewer pickup routes. They have already reduced their ranch mink staff.

I'm sure that if Gibb sees this thread, he will confirm what I've written.

Rumors are terrible and they only get worse the more they are spread around.


www.usedtraps.com

Please check out my updated inventory of Native American books.

Re: NAFA Bankrupt? [Re: BullOx] #6595332
08/15/19 03:09 PM
08/15/19 03:09 PM
Joined: Mar 2007
Posts: 35,128
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 35,128
McGrath, AK
Thanks Nancy ! Just an observation......it seems almost counter-intuitive to loan money to produce greater supply of something that is declining in value overall.


Mean As Nails
Re: NAFA Bankrupt? [Re: BullOx] #6595339
08/15/19 03:20 PM
08/15/19 03:20 PM
Joined: Aug 2011
Posts: 45,264
james bay frontierOnt.
B
Boco Offline
trapper
Boco  Offline
trapper
B

Joined: Aug 2011
Posts: 45,264
james bay frontierOnt.
I think they call that "quantitative easing"


Forget that fear of gravity-get a little savagery in your life.
Re: NAFA Bankrupt? [Re: BullOx] #6595354
08/15/19 03:53 PM
08/15/19 03:53 PM
Joined: Jun 2016
Posts: 594
Little Valley, NY
Sawmill Creek Offline
trapper
Sawmill Creek  Offline
trapper

Joined: Jun 2016
Posts: 594
Little Valley, NY
I've had several people message me and ask me the same thing today

Re: NAFA Bankrupt? [Re: BullOx] #6595367
08/15/19 04:33 PM
08/15/19 04:33 PM
Joined: Mar 2008
Posts: 5,947
n.e, iowa
C
coonman220 Offline
trapper
coonman220  Offline
trapper
C

Joined: Mar 2008
Posts: 5,947
n.e, iowa
I don't believe it. There sale is in 8 days, what are consinged goods? Fewer cash advances on them? I am thinking unless prices change lot that coon advances for around this area as well everthing else well be same, my advances are long pay for, I don't have that much left, rats didn't sell well in June, coon did, lot mink left, except larger no. 1s are sold, select an no. 1 female are left as well lower grades. Unprime mink, last season for xxl coon an up, $5-$6 advance, beaver an mink$5, male an female both on mink, rats were $1.50 advance, I don't think they go bankrupt, hardly noone would ship to them again if lost all fur money on goods there in bankruptcy, I know that I wouldn't

Last edited by coonman220; 08/15/19 04:36 PM.
Re: NAFA Bankrupt? [Re: BullOx] #6595406
08/15/19 05:47 PM
08/15/19 05:47 PM
Joined: Dec 2006
Posts: 5,511
nunya,ks
T
tbn Offline
trapper
tbn  Offline
trapper
T

Joined: Dec 2006
Posts: 5,511
nunya,ks
I better not. Good luck Coonman.

Re: NAFA Bankrupt? [Re: coonman220] #6595414
08/15/19 06:06 PM
08/15/19 06:06 PM
Joined: Dec 2006
Posts: 1,930
iowa
bankrunner Offline
trapper
bankrunner  Offline
trapper

Joined: Dec 2006
Posts: 1,930
iowa
Originally Posted by coonman220
I don't believe it. There sale is in 8 days, what are consinged goods? Fewer cash advances on them? I am thinking unless prices change lot that coon advances for around this area as well everthing else well be same, my advances are long pay for, I don't have that much left, rats didn't sell well in June, coon did, lot mink left, except larger no. 1s are sold, select an no. 1 female are left as well lower grades. Unprime mink, last season for xxl coon an up, $5-$6 advance, beaver an mink$5, male an female both on mink, rats were $1.50 advance, I don't think they go bankrupt, hardly noone would ship to them again if lost all fur money on goods there in bankruptcy, I know that I wouldn't

Originally Posted by coonman220
I don't believe it. There sale is in 8 days, what are consinged goods? Fewer cash advances on them? I am thinking unless prices change lot that coon advances for around this area as well everthing else well be same, my advances are long pay for, I don't have that much left, rats didn't sell well in June, coon did, lot mink left, except larger no. 1s are sold, select an no. 1 female are left as well lower grades. Unprime mink, last season for xxl coon an up, $5-$6 advance, beaver an mink$5, male an female both on mink, rats were $1.50 advance, I don't think they go bankrupt, hardly noone would ship to them again if lost all fur money on goods there in bankruptcy, I know that I wouldn't



Anymore, there are better outlets in the country for good finished coon than waiting 2-3 years at NAFA to sell with no commission charged . Different story on a hot market.

Re: NAFA Bankrupt? [Re: BullOx] #6595432
08/15/19 06:53 PM
08/15/19 06:53 PM
Joined: Jun 2008
Posts: 2,121
sseMinnesota
blackhammer Offline
trapper
blackhammer  Offline
trapper

Joined: Jun 2008
Posts: 2,121
sseMinnesota
Internet rumors of a business going bankrupt are irresponsible. I think it has no place on a public forum


Ah,for the life of a millionaire,say some,but just let me stay a trapper. Bill Nelson
Re: NAFA Bankrupt? [Re: BullOx] #6595450
08/15/19 07:20 PM
08/15/19 07:20 PM
Joined: Sep 2008
Posts: 6,683
Newark, Ohio 83 years
Actor Offline
trapper
Actor  Offline
trapper

Joined: Sep 2008
Posts: 6,683
Newark, Ohio 83 years
If they have the Equivalent to a Chapter 11 in Canada then they could be doing it … which means they will be able to get out from under some debt or pay pennies on the dollar. They would be forced to reorganize with the possibility of a court appointed administrator. Happens every day and that is how some of these big corps. keep coming back and getting bigger and richer.

Garry-


“Don't pick a fight with an old man. If he is too old to fight, he'll just kill you.”

Have been trapping 77 years…
Re: NAFA Bankrupt? [Re: BullOx] #6595473
08/15/19 07:54 PM
08/15/19 07:54 PM
Joined: Dec 2006
Posts: 5,511
nunya,ks
T
tbn Offline
trapper
tbn  Offline
trapper
T

Joined: Dec 2006
Posts: 5,511
nunya,ks
Does Nafa own anything?

Re: NAFA Bankrupt? [Re: BullOx] #6595476
08/15/19 07:57 PM
08/15/19 07:57 PM
Joined: Mar 2008
Posts: 5,947
n.e, iowa
C
coonman220 Offline
trapper
coonman220  Offline
trapper
C

Joined: Mar 2008
Posts: 5,947
n.e, iowa
What would that mean to wild fur shippers that have goods there now? Where I worked for years. The corporation went bankrupt. An was told for months that would reopen an be back, it closed forever an never be again, our plant was most profitable of them, out 15 plus plants, I have no idea what happen an talk some other employees that know nothing more than I do except rumors, we were layoff with not have to make work search contacts an told they were going bankrupt on phone, I heard the bankruptcy was a corporate thing an that all I know it

Last edited by coonman220; 08/15/19 07:58 PM.
Re: NAFA Bankrupt? [Re: ~ADC~] #6595479
08/15/19 08:01 PM
08/15/19 08:01 PM
Joined: Oct 2013
Posts: 11,269
Indiana
B
brianmall Offline
trapper
brianmall  Offline
trapper
B

Joined: Oct 2013
Posts: 11,269
Indiana
Originally Posted by ~ADC~
You're not the only one to hear it Bullox. Time will tell.

Anyone know how bankruptcy works in Canada?



Tell them toget chase credit cards to pay off their debt. I heard the other day chase is forgiving all credit card debt in Canada.

Page 1 of 3 1 2 3
Previous Thread
Index
Next Thread