Re: FHA March Offering
[Re: Monster Toms]
#7799607
02/15/23 10:41 PM
02/15/23 10:41 PM
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Joined: May 2010
idaho
wallfur
trapper
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trapper
Joined: May 2010
idaho
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i heard an outfit out of china bought NAFA......
Last edited by wallfur; 02/16/23 09:11 AM.
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Re: FHA March Offering
[Re: wallfur]
#7799615
02/15/23 10:48 PM
02/15/23 10:48 PM
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Joined: Jan 2007
Iowa
mink99
trapper
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trapper
Joined: Jan 2007
Iowa
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i heard an outfit out of china bought NAFA......dont know how true it is I heard the same thing.
ITA, NTA, FTA
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Re: FHA March Offering
[Re: Monster Toms]
#7799645
02/15/23 11:38 PM
02/15/23 11:38 PM
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Joined: May 2010
idaho
wallfur
trapper
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trapper
Joined: May 2010
idaho
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hopefully the deal goes threw....i like to see it moved back to the usa
Last edited by wallfur; 02/15/23 11:41 PM.
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Re: FHA March Offering
[Re: Rat Masterson]
#7799800
02/16/23 09:02 AM
02/16/23 09:02 AM
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Joined: Dec 2010
Armpit, ak
Dirt
trapper
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trapper
Joined: Dec 2010
Armpit, ak
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I'll say again, why don't they buy NAFA' s software, they're not using it. sold to sinobec
Who is John Galt?
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Re: FHA March Offering
[Re: Shakeyjake]
#7799814
02/16/23 09:21 AM
02/16/23 09:21 AM
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Joined: Dec 2010
Armpit, ak
Dirt
trapper
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trapper
Joined: Dec 2010
Armpit, ak
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Yep and it all goes back to us trappers,not out the door to some rich guys pocket ripping off trappers. Why us trappers started our own auction house in the first place. The board of directors makes sure the profits go first to running the buisness and expanding the facility when necessary,promoting fur and in years when there are profits above and beyond the necessities back to the trappers in RPC rebates. What are RPC rebates? Since nobody including me really answered your question, i will try again. If you own some RPC ‘s ( don’t know how to own them) in the years of high fur prices FHA may reduce the seller commission by a few percentage points. My understanding of what happened during the miniboom. Nafa shipper during miniboom. They did similar with wfsc.
Who is John Galt?
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Re: FHA March Offering
[Re: Monster Toms]
#7799820
02/16/23 09:30 AM
02/16/23 09:30 AM
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Joined: Apr 2016
Labrador, Canada
crosspatch
trapper
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trapper
Joined: Apr 2016
Labrador, Canada
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Jake RPC's are a small % of your sales that were put aside in the good years. Been a while since they been issued. We would get a certificate in the mail. Believe the company uses them for working capital. You can cash them out, with interest, by giving notice before Dec. 31 of a given year. As I understand it they are paid out the following July to those who want to cash them out. We have similar at out Coop here.
Gibb or Boco might be able to explain better or correct me.
RPC = Revenue Participation Certificate
Last edited by crosspatch; 02/16/23 09:30 AM.
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Re: FHA March Offering
[Re: wallfur]
#7799835
02/16/23 09:45 AM
02/16/23 09:45 AM
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Joined: Jul 2016
SD
TC1
trapper
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trapper
Joined: Jul 2016
SD
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if they want more fur they need to fix there computor system....lack of info or ability to see where your past or present fur is. that speaks volume about a company and many trappers are not going to ship there because of the lack off transparency issuse. i know they have updated recently but its way to late and there is very LITTLE INFO PROVIDED IN NEW SYSTEM....very poor effort on FHA part! it would be nice to watch the auction also. My oh my, how ever did anyone sell fur at auction prior the the 2000’s. Must have been almost impossible I’d imagine. What a bunch of whiny spoiled kids we’ve become whining about something like not knowing in real time what is going on. My child and I go at it over this very thing all the time, no patience or wonder left in today’s society. If you want to not be so anxious, send it off and forget about it til you get a surprise in the mail…. almost like a surprise Christmas. Don’t sweat the small stuff, probably 99% + of us are hobby trappers, we have the only hobby that actually gives us money occasionally for what we love to do. This is the way I look at it anyways.
Thread snitch non reporter #2
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Re: FHA March Offering
[Re: TC1]
#7799841
02/16/23 09:55 AM
02/16/23 09:55 AM
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Joined: Dec 2008
MN
walleye101
trapper
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trapper
Joined: Dec 2008
MN
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if they want more fur they need to fix there computor system....lack of info or ability to see where your past or present fur is. that speaks volume about a company and many trappers are not going to ship there because of the lack off transparency issuse. i know they have updated recently but its way to late and there is very LITTLE INFO PROVIDED IN NEW SYSTEM....very poor effort on FHA part! it would be nice to watch the auction also. My oh my, how ever did anyone sell fur at auction prior the the 2000’s. Must have been almost impossible I’d imagine. What a bunch of whiny spoiled kids we’ve become whining about something like not knowing in real time what is going on. My child and I go at it over this very thing all the time, no patience or wonder left in today’s society. If you want to not be so anxious, send it off and forget about it til you get a surprise in the mail…. almost like a surprise Christmas. Don’t sweat the small stuff, probably 99% + of us are hobby trappers, we have the only hobby that actually gives us money occasionally for what we love to do. This is the way I look at it anyways. I suppose if you absolutely need to see the transaction in real time you can view it through that little window in Groney's truck? Yes, no one needs to know or see anything until the check arrives, but asking for a little more and timely info is not unreasonable.
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Re: FHA March Offering
[Re: Monster Toms]
#7799853
02/16/23 10:21 AM
02/16/23 10:21 AM
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Joined: Dec 2010
Armpit, ak
Dirt
trapper
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trapper
Joined: Dec 2010
Armpit, ak
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Boco made the RPC’s sound like shares. I believe shares are debt?
Who is John Galt?
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Re: FHA March Offering
[Re: Monster Toms]
#7799856
02/16/23 10:25 AM
02/16/23 10:25 AM
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Joined: Apr 2009
South Ga - Almost Florida
Swamp Wolf
trapper
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trapper
Joined: Apr 2009
South Ga - Almost Florida
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Let's see here.....a producer sends product (trusting good faith in the mail transit system and/or the fur agent) to another country to be sold. The producer should just "forget" about his hard-earned product until a check arrives thru snail mail. That producer now has zero control of anything related to his product once its shipped. He cannot stop the sale or refuse/accept any bids.
Name me another business format that the producer has so little control over his product once it leaves his possession and b4 the producer has seen one cent of his product's value.
The very least any auction company can do (in this modern internet age) is make it convenient for the producer to track his product thru the entire process, including live view of the sale.
I think I'll just continue to sell what few southern pelts at the back of the Groenwold truck....which is the ONLY real option here anyway.
Thank God For Your Blessings! Never Half-Arse Anything!
Resource Protection Service
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Re: FHA March Offering
[Re: Swamp Wolf]
#7799858
02/16/23 10:32 AM
02/16/23 10:32 AM
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Joined: Apr 2012
new york
mike mason
trapper
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trapper
Joined: Apr 2012
new york
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Let's see here.....a producer sends product (trusting good faith in the mail transit system and/or the fur agent) to another country to be sold. The producer should just "forget" about his hard-earned product until a check arrives thru snail mail. That producer now has zero control of anything related to his product once its shipped. He cannot stop the sale or refuse/accept any bids.
Name me another business format that the producer has so little control over his product once it leaves his possession and b4 the producer has seen one cent of his product's value.
The very least any auction company can do (in this modern internet age) is make it convenient for the producer to track his product thru the entire process, including live view of the sale.
I think I'll just continue to sell what few southern pelts at the back of the Groenwold truck....which is the ONLY real option here anyway. Logs/lumber, my 1st employer got burned on a load of veneer logs to Canada ONCE! After that cash before leaving the header or yard. A friend worked for a lumber company, shipped veneer logs to China and the Chinese wanted to pay 1/2 the agreed upon price when they arrive in China.
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Re: FHA March Offering
[Re: TC1]
#7799907
02/16/23 11:49 AM
02/16/23 11:49 AM
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Joined: May 2010
idaho
wallfur
trapper
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trapper
Joined: May 2010
idaho
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if they want more fur they need to fix there computor system....lack of info or ability to see where your past or present fur is. that speaks volume about a company and many trappers are not going to ship there because of the lack off transparency issuse. i know they have updated recently but its way to late and there is very LITTLE INFO PROVIDED IN NEW SYSTEM....very poor effort on FHA part! it would be nice to watch the auction also. My oh my, how ever did anyone sell fur at auction prior the the 2000’s. Must have been almost impossible I’d imagine. What a bunch of whiny spoiled kids we’ve become whining about something like not knowing in real time what is going on. My child and I go at it over this very thing all the time, no patience or wonder left in today’s society. If you want to not be so anxious, send it off and forget about it til you get a surprise in the mail…. almost like a surprise Christmas. Don’t sweat the small stuff, probably 99% + of us are hobby trappers, we have the only hobby that actually gives us money occasionally for what we love to do. This is the way I look at it anyways. I guess that depends on the volume of fur you send . your 10 dollar check might not matter much but when you have 10 of thousands of dollars invested it becomes a differant deal
Last edited by wallfur; 02/16/23 12:05 PM.
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Re: FHA March Offering
[Re: Swamp Wolf]
#7799919
02/16/23 12:07 PM
02/16/23 12:07 PM
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Joined: Aug 2011
james bay frontierOnt.
Boco
trapper
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trapper
Joined: Aug 2011
james bay frontierOnt.
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Let's see here.....a producer sends product (trusting good faith in the mail transit system and/or the fur agent) to another country to be sold. The producer should just "forget" about his hard-earned product until a check arrives thru snail mail. That producer now has zero control of anything related to his product once its shipped. He cannot stop the sale or refuse/accept any bids.
Name me another business format that the producer has so little control over his product once it leaves his possession and b4 the producer has seen one cent of his product's value.
The very least any auction company can do (in this modern internet age) is make it convenient for the producer to track his product thru the entire process, including live view of the sale.
I think I'll just continue to sell what few southern pelts at the back of the Groenwold truck....which is the ONLY real option here anyway. Hey einstein-read the conditions of sale. No one is forcing you to ship your fur if you dont like the conditions of sale. By the way I hear NAFA has a great computer-ship your fur there.
Forget that fear of gravity-get a little savagery in your life.
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Re: FHA March Offering
[Re: Swamp Wolf]
#7799924
02/16/23 12:13 PM
02/16/23 12:13 PM
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Joined: Feb 2015
Iowa
trapdog1
trapper
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trapper
Joined: Feb 2015
Iowa
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Let's see here.....a producer sends product (trusting good faith in the mail transit system and/or the fur agent) to another country to be sold. The producer should just "forget" about his hard-earned product until a check arrives thru snail mail. That producer now has zero control of anything related to his product once its shipped. He cannot stop the sale or refuse/accept any bids.
Name me another business format that the producer has so little control over his product once it leaves his possession and b4 the producer has seen one cent of his product's value.
The very least any auction company can do (in this modern internet age) is make it convenient for the producer to track his product thru the entire process, including live view of the sale.
I think I'll just continue to sell what few southern pelts at the back of the Groenwold truck....which is the ONLY real option here anyway. All valid points. But you'll probably be called a Karen for bringing them up.
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Re: FHA March Offering
[Re: Dirt]
#7799925
02/16/23 12:13 PM
02/16/23 12:13 PM
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Joined: Aug 2011
james bay frontierOnt.
Boco
trapper
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trapper
Joined: Aug 2011
james bay frontierOnt.
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Boco made the RPC’s sound like shares. I believe shares are debt? They were all paid out-no debt.
Forget that fear of gravity-get a little savagery in your life.
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Re: FHA March Offering
[Re: Boco]
#7799929
02/16/23 12:15 PM
02/16/23 12:15 PM
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Joined: May 2010
idaho
wallfur
trapper
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trapper
Joined: May 2010
idaho
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Wallfur-just cause you are a million dollar bigshot doesnt mean you will get special treatment. oh they cater to the big boys mostly by pt and Special dealer lots
Last edited by wallfur; 02/16/23 02:02 PM.
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Re: FHA March Offering
[Re: Monster Toms]
#7799934
02/16/23 12:30 PM
02/16/23 12:30 PM
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Joined: Jan 2007
Wisconsin
Lance Squires
trapper
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trapper
Joined: Jan 2007
Wisconsin
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If fur prices were high, this thread would never have started. In my opinion, we're lucky to have an auction company still available. With the few country furbuyers around, it's nice to have an alternate market for the worlds highest bidder. I'm sure they are working on getting the website up to standard but they did have a lot thrown at them when NAFA closed the door.
57 years trapping. It's who I am. Every day is still as exciting as it was when I was a kid but a little more work.
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