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I am taking on the task of writing a blog.  I will write at least one a month and in some cases more.   Some of them will be completely current and some will be a little more random in terms of subject.  My goal is to help everyone become a better trapper.  And quite frankly, I will be learning too.  Sometimes writing things down gives you a little more time to develop your thought and perspective on your subject.  I hope it is helpful and as always I am open for comments, suggestions, and constructive criticism.  Thanks Charlie Masheck
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North American Fur Auction - Fur Checks

Aug 6

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8/6/2015  RssIcon

      

By now, all of you that shipped fur for the late June early July NAFA sale have received your checks and paper work. While the sale was disappointing, the results of the sale shouldn't have been a surprise to anyone.  With everything that has been written and forecasted the sale results pretty much fell in line with predictions.  I have written similar articles in the past.  The most recent in the fall of 2008 after pretty much the entire world fell into a recession, the likes of which hadn't been seen since the great depression. 

    We are often asked by new shippers, "What happens to the fur that wasn't sold?"  The fur that wasn't sold which would be primarily 'coon, gray fox, and a few other types will be offered again on the next sale.  Basically, the fur is offered until it is sold.  In the late 1980's when the market completely fell apart, I personally had fur that took several seasons to completely sell.  NAFA does reserve the right to destroy fur that has no value. At this point if it has been graded, baled and assigned a lot number- I would say destroying fur would be highly unlikely. 

    The current market conditions particularly in relation to coon are frustrating on all levels from the producer to the seller.  No one gets paid until the fur is sold.  On the other hand NAFA must walk the tight-rope between establishing a new market value and just plain selling fur under value.   We all need to remember, NAFA makes their money off of a commission, the more they are able to sell your fur for the larger their commission.   NAFA has a long history of marketing fur and has seen the best and worst of times.  They will maneuver their way through this with their expert ability. 

     At this point the real reason behind all of this is that Russia has not been buying fur.   Typically a lot of what they purchase is for utilitarian use, or in other words they just need fur to keep warm.  Raccoon skins fall under the utilitarian use category.   The Russian economy is based on oil, oil prices have fallen significantly which has devalued their currency (the Ruble), they just don't have the buying power they had when oil was higher.   The issue in the Ukraine and the sanctions that are in place haven't helped either. They still have a demand and use for fur, we just have to wait and see how things develop. 

     The bottom line of all of this is - I am still going to trap!  Don't get me wrong, I like a big fur check just as much as anyone else.  However, trapping is way more than a fur check!  It is engrained in me; it is part of my lifestyle.  It is what I do!

 

I am looking forward to this season just as much as any other!

 

Until next time …

 Charlie Masheck

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3 comment(s) so far...


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Re: North American Fur Auction - Fur Checks

Got my check a couple of weeks ago. Sold one of two fox for $22 which I was pleased with. Coyote didn't do well, but both of them were rubbed and I really didn't expect much. None of my coon sold, so maybe next auction. Did get $2.50 for the skunk I sent in. Ha! Not quite worth the effort, but a learning experience just the same.

By Tom on   8/7/2015
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Re: North American Fur Auction - Fur Checks

Charlie It was a pleasure to meet you and Jake at the NTA last week. I enjoyed the coyote video I picked up. As a long time shipper to NAFA you have hit the nail on the head when it comes to their selling our fur. There are some bright lights though. Skunks did way better than expected and some of the coyotes. Although our ugly eastern dogs do not do what the nice heavy westerns do they still manage to sell the better selections. The trick this year is to make sure we are taking prime aniamals as prime always sells. Enjoyed the latest U tube show also.

By Stewart on   8/7/2015
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Re: North American Fur Auction - Fur Checks

Thank-you Stewart. Good to meet you as well. It is always good to go to a convention and see old friends and make new ones. Yes, quality is everything particularly on a year like this. It always makes me laugh to see the coyotes lined up at the NAFA fur sample table. Starting with the beautiful western coyotes and ending up with the not so nice eastern coyotes. They don't even seem like the same animal! Oh well, at least they are selling.

By Charlie Masheck on   8/8/2015

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