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We need to see how the breakdown on prices will be from the very good color 4xxls and up with white leather and then down say 3xxl, average color, average grade and down. Interesting that 2 years ago 2xls were not wanted and now some buyers will take any size with white leather. I don't know the market shifts that have created that market. I am way down on my rat numbers this year and that does not seem to be the worst thing for this season.
Why would he raise prices? He's getting all he needs for cheap, also I don't think he's even selling coon, but using them to make garments with his partners in China. $8 average with culls out is not worth my time and I have caught a few coon and could again.
How much were the coons all I heard was him talking bout how much they want
I asked that to GFWs guy here last year, it’s a stupid question really. Like what was said, he’s gotta see the fur. “Somewhere around $2-30”….lol.
I thought GFW made the felt themselves and sold it? Winter, spring and the flats made felt all different prices? One would have to ask Ponch if the green pelts were tossed into graded piles before going through the beaver planer.
I am all for more outlets for fur, so after reading the rest of this go back and read that first statement again.
GFW's pricing is based on what's the lowest they can pay and still have trappers harvest and sell them there fur. If you disagree with that statement look up some of his longer interviews. He comes right out and says sometimes we pay a little more than we want on coon but if we don't we know the trappers will not get out to harvest them. So if they think beaver trappers will harvest all they need at a $10-15 Avg, guess what they are paying. They do the same with all fur pricing and why not? They are running a business, they have changed how they market the fur to the end user and have more cost in the final product they are selling but more potential for profit as well.
GFW buys a racoon for 5 dollars, skins it, fleshes it, ships it to Indonesia to be tanned. The skin is then sent to china, sorted by size/colour and put up for sale. He talks about this process and its brilliant really when you think about it. Lower input costs then tanning in North America, lets them skirt some tariffs, fur/animal restrictions, etc. The buyer gets an order for xxx number of coats and immediately needs to purchase xxx number of racoon to get them complete in a 3 week window. They can purchase exactly what they need, tanned, sized, sorted by colour and have them delivered in hours/days instead of months. Small producers can buy smaller amounts, without the overhead involved in the raw pelt game. They can also buy all year instead of twice a year at auction.
Not the only ones doing this but are the best known in the North American wild fur trapping industry.
Re: 2024-2025 Fur Prices
[Re: Saskfly]
#8271625 11/26/2408:41 AM11/26/2408:41 AM
I am all for more outlets for fur, so after reading the rest of this go back and read that first statement again.
GFW's pricing is based on what's the lowest they can pay and still have trappers harvest and sell them there fur. If you disagree with that statement look up some of his longer interviews. He comes right out and says sometimes we pay a little more than we want on coon but if we don't we know the trappers will not get out to harvest them. So if they think beaver trappers will harvest all they need at a $10-15 Avg, guess what they are paying. They do the same with all fur pricing and why not? They are running a business, they have changed how they market the fur to the end user and have more cost in the final product they are selling but more potential for profit as well.
GFW buys a racoon for 5 dollars, skins it, fleshes it, ships it to Indonesia to be tanned. The skin is then sent to china, sorted by size/colour and put up for sale. He talks about this process and its brilliant really when you think about it. Lower input costs then tanning in North America, lets them skirt some tariffs, fur/animal restrictions, etc. The buyer gets an order for xxx number of coats and immediately needs to purchase xxx number of racoon to get them complete in a 3 week window. They can purchase exactly what they need, tanned, sized, sorted by colour and have them delivered in hours/days instead of months. Small producers can buy smaller amounts, without the overhead involved in the raw pelt game. They can also buy all year instead of twice a year at auction.
Not the only ones doing this but are the best known in the North American wild fur trapping industry.
This^^^^
Good description of how this works.
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Re: 2024-2025 Fur Prices
[Re: MJM]
#8271747 11/26/2410:49 AM11/26/2410:49 AM
Yep Dirt, as the largest beaver collector in the country I think Groenewold ended up getting quite a bit of feedback from their customers on the felt yield from last year's collection.
You would think as the largest beaver collector in the country, Groenewold would know what his customers wanted. He was the one that opened new routes SE, not the trappers.
Isn’t groenwald the ones that got stuck with over 200,000 tanned coyotes and had to invest more money making coats that he is trying to sell back to the guys who sold him the coyotes? No business is immune from bad decisions, or bad luck. I remember when guys here put NAFA on a pedestal.
P.S. How is that coon liner coat idea of groeny's comming along?
I am all for more outlets for fur, so after reading the rest of this go back and read that first statement again.
GFW's pricing is based on what's the lowest they can pay and still have trappers harvest and sell them there fur. If you disagree with that statement look up some of his longer interviews. He comes right out and says sometimes we pay a little more than we want on coon but if we don't we know the trappers will not get out to harvest them. So if they think beaver trappers will harvest all they need at a $10-15 Avg, guess what they are paying. They do the same with all fur pricing and why not? They are running a business, they have changed how they market the fur to the end user and have more cost in the final product they are selling but more potential for profit as well.
GFW buys a racoon for 5 dollars, skins it, fleshes it, ships it to Indonesia to be tanned. The skin is then sent to china, sorted by size/colour and put up for sale. He talks about this process and its brilliant really when you think about it. Lower input costs then tanning in North America, lets them skirt some tariffs, fur/animal restrictions, etc. The buyer gets an order for xxx number of coats and immediately needs to purchase xxx number of racoon to get them complete in a 3 week window. They can purchase exactly what they need, tanned, sized, sorted by colour and have them delivered in hours/days instead of months. Small producers can buy smaller amounts, without the overhead involved in the raw pelt game. They can also buy all year instead of twice a year at auction.
Not the only ones doing this but are the best known in the North American wild fur trapping industry.
Good Description. I refer to it as the Walmarting effect to the fur market. Same as a large % of things marketed in North America. Make it as cheap as possible overseas and sell it here at a low price to masses but where enough profit is produced. Been successful strategy across many brands and dont blame them for doing it and buying fur as cheap as possible. EXCEPT the model will never have trappers on the profit side of the equation over the long run.
regardless of anyway you spin this-trapping never makes any of us any profit-period. Working for $2.00 an hour isn't profit. We haven't been on the profit side of things for a lot of years.As long as we still enjoy the whole process then we can live with it I guess.I just don't go overboard anymore trapping hundreds of critters for peanuts.If we are trying to make profit trapping we are barking up a coyotes butt.
No one is forced to sell to GFW. Other options exist.
Unfortunately there are very few options . I actually think people in the USA would wear fur with good products and marketing. It’s a matter of going out on a limb and going for it. You have enough Conservative like minded individuals who think animal activists are a joke. Some social influencers advocating fur and selling fur online seems to be a potential business model.
Ah,for the life of a millionaire,say some,but just let me stay a trapper. Bill Nelson
In a somewhat related issue to the above post, lots of companies are shutting down some of their woke poilicies (DEI) and others. Maybe times are changing and fur could become popular again.
I believe a few critters are still reasonably profitable. I know can make more than 2 bucks an hour. Maybe as much as 30 bucks if the critters are there and at curremt mediocre price. My guess is bobcat trappers ard not hurting either.
I grossed $15,000 in about 2.5 months last season. More than I could have made flipping burgers anyway. Could have done better if the weather would have cooperated.
In a somewhat related issue to the above post, lots of companies are shutting down some of their woke poilicies (DEI) and others. Maybe times are changing and fur could become popular again.
regardless of anyway you spin this-trapping never makes any of us any profit-period. Working for $2.00 an hour isn't profit. We haven't been on the profit side of things for a lot of years.As long as we still enjoy the whole process then we can live with it I guess.I just don't go overboard anymore trapping hundreds of critters for peanuts.If we are trying to make profit trapping we are barking up a coyotes butt.
I have been trapping for 50 years plus and have never lost money trapping. Even when I worked a full time job,trapping provides important supplemental income that improves my standard of living not just financially.
Forget that fear of gravity-get a little savagery in your life.
Most people do not realize how small a circle the fur market in the US has become. Back when the coyote market was booming, 95+ % ended up in the same pile no matter who bought them. Every coyote at the trapper sales was ending up in the same pile, no matter who bought it and some traded hands two or three times before they got there. I will bet the hatter market was the same way.
"Not Really, Not Really" Mark J Monti "MJM you're a jerk."
