NAFA bounced one on me and I never got re-imbursed for it

My understanding after talking directly to Deloitte several times , was those with direct deposit, and the earliest to cash/deposit their checks got paid. Once NAFA's bank account was empty, the large majority of the mailed out checks bounced, and have NOT YET been paid. I don't know that it is very likely they will be paid, since all the secured creditors (banks) get the first shot at any money NAFA produces by selling assets. So essentially, NAFA sold the trappers fur, pocketed the money, and used it to pay down their debt to the secured creditors ( banks).
All the remaining fur sold at the final fire sale, for pennies on the dollar, was paid out to the trappers, and those checks did clear.
Speaking specifically for myself, I can tell you I had around 350 marten at NAFA that year, and got a rubber check, and bounced check fee to show for it. NAFA has never made good on their bounced check, YET....... I'm not holding my breath either!

All that fur dumped for cheap probably didnt help the market The Chinese children are probably still sewing up garments that they got at that fire sale.

I got my shipping tags today, so they still had $1.30 (CN) for that I'm sure it will be fine, just give em some time

Received my tags today also.

I haven't seen mine yet that's another thing I was concerned about

Got mine today too.

No you are not. On page one you said, "Not true,all the trappers who had fur there that I know(and I know a few hunderd in my district)all got paid.It took a bit longer than normal but they still got what their fur sold for." Now you claim you are correct because you say not everyone got paid, but lots did. [/quote]

He will never admit he was wrong. Don't bother. [/quote]

If you had half a brain you might remember the poster I was talking to ,shakeyjake, asked if all the trappers lost their money-NO THEY DID NOT!
I never claimed all the trappers from timbuktu or who knows where got paid I said all the trappers I know in my district myself included got paid.

BOCO, why is every post you have on this thread been edited?

I dont want to come across like coonman.

"They owe many wild fur shippers and some mink ranchers money. " I posted this.

and then "Not True..........."

I posted." Individuals Payables over $1000.00....... 13,383,98

" Trade Payables & Other Liabilities under $1000......837,532

and then" Nope............"

Must be my half a brain?

Exactly-my answer to shakeyjake went right over your head obviously.

Same here but its not much. Maybe Herman's yacht and the FTX boy-king's yacht (man, that kid had an ugly girlfriend!) will collide in the Bahamas and both will drown. That would be rich. Then again, I heard FTX boy-king just got charged for his crimes so Herman is still a couple steps ahead of him. Good ole Herman...

I love the "FHA is a trappers owned auction house". Yet they still profit on ranch fur too. Lol!

......we will need boco to confirm that!!!!!!!!!!!

They have one board seat out of 10 that is a rancher.
Far from a ranch fur house.
Why would trappers not want to profit from selling fur at our auction house?
If ranchers want to use a trappers auction house to sell fur no problem with me(or the board of directors).

Somebody needs to clear some stuff up for me, because I was under the impression that even before NAFA shut down the vast majority of trappers sent in their fur to the auction house for max profit. Are you saying that this isn't the norm and that trappers have some issue with FHA? I think the world of FHA and commend them for doing what they were able to to survive during COVID. I don't agree 100% with how they market North American Fur, but i say that as an outsider to the organization and an outsider to a good majority of the fur buyers with all fairness to FHA who does not have all the insight that they do. I think if fur was really high in value I would consider using one of the people that buy fur in the states, but it just doesn't seem like a worthwhile proposition from my seat. Maybe some who have used the auction house could speak up with bad experiences I would be curious as to hear them, and please I am looking for the average experience, one offs will happen everywhere.

Canadian trappers(Ontario specifically)-yes they established their auction house to cut out the middle man,and cut out the paternal take it or leave it attitude of the HBC(later NAFA) and get better prices for their fur.in the early to mid 50's
It was everything that the trappers had hoped for and even more.
A lot of northern trappers in the states,Especially Michigan,Minnesota,NY etc got on board and shipped(to OTA),and continue to ship (to FHA)lots of good fur.
Most American trappers kept selling to the middlemen because they either didnt want to put up fur,or didnt know how.

walleyed began selling at Ontario Trapper's Association auction
in 1976 before it morphed into FHA in the late 80's/early 90's.

Used to send my fur bag up by bus to North Bay, Ontario, Canada
through a custom broker agent office at the peace bridge in Buffalo.

This was back when Alex Sheiff was running the show at North Bay.

Auction prices were 30% to 50% better than what In-country buyers
were paying in upstate New York.

Heck, most of those in-country buyers were also shipping the
fur they bought from New York State trappers to the OTA auction.

Like BOCO says,
The Ontario Trapper's Association Auction cut out the middleman.

Good times and great prices during that late 70's/early 80's fur boom.

walleyed

A lot has change since the 1970's and 80's. During the recent coyote boom, I would bet no one, any place, sold as many coyotes for as high a average. as the NDFTA sales did. I don't mean one coyote, or one cherry picked lot, I mean across the board, what was offered. They were all bought by bad middle men who are out to make a profit.