FarmTrac Troubles

[redneckford]

Who owns textron stock?? Taxpayer if the 23% number is correct then either China or India must own textron or maybe Korea now the true picture is coming into focus.When you loan money to yourself it does not matter which pocket it comes out of or which pocket it goes into. Guess we need to start checking pockets and see who's pocket our government leaders are in. You can bet it is the one with the money in it.(India buys textron stock,Textron uses the money to floorplan India company products, American's buy India products at full value and get stuck with the bill,WHERE's THE MONEY NOT IN THE AMERICAN'S POCKET) Just pay textron with India products. Idea those nice blue yard ornamets that are made in India and Korea>

[redneckford]

BlueLiner a friend e-mailed me that American company's have been doing what Farm Trac USA (Escorts India) is doing many times to other "countries" since the early 50's. they claim that several farm equipment manufactures did the same thing in Bazil each time that Bazil had run away inflation. DID THEY HAVE RUN AWAY INFLATION OR DID AMERCIA JUST TAKE ALL THEIR MONEY WHEN THE DOLLAR WAS STRONG!!!! Sounds like the shoe is on the other foot and that is why government officials are so quite about this situation. Can you check on this history and see if this is so. Those with the gold make the rules---- Looks like someone other that the USA is making the rules since they have all the GOLD!!!! Help America ride a American made bike pedaled by american horsepower. Yourself!!!!! Hope your retirement funds or not invested in textron or the oil companies because we will find a better way I guar--on---tee.

[SESS]

Here is an interesting website to vist: Home - Federal Contractor Misconduct Database - POGO

You can search any company you want!

[taxpayer]

I ran across an interesting article in the fort worth star-telegram.it states that last wednsday, American Ironhorse motorcycle co. was sold at bankruptcy auction. it said there was approx 1300 bikes , 180 held by american ironhorse, 250 repos held by textron and about 800 held by dealers. many of you will remember that this was the company listed on the LewPack site at the same time as was the 900 farmtracs in tarboro.the american ironhorse dealers were caught in an almost identical situation as farmtrac dealers. it would be interesting to know how textron has dealt with these dealers and if perhaps they might have a forum we could compare notes on.any thoughts on this?-----Taxpayer

[case1570]

Originally Posted by taxpayer

I ran across an interesting article in the fort worth star-telegram.it states that last wednsday, American Ironhorse motorcycle co. was sold at bankruptcy auction. it said there was approx 1300 bikes , 180 held by american ironhorse, 250 repos held by textron and about 800 held by dealers. many of you will remember that this was the company listed on the LewPack site at the same time as was the 900 farmtracs in tarboro.the american ironhorse dealers were caught in an almost identical situation as farmtrac dealers. it would be interesting to know how textron has dealt with these dealers and if perhaps they might have a forum we could compare notes on.any thoughts on this?-----Taxpayer

I just got off the phone with an American Iron Horse Dealer. He stated that the motorcycle co filed Chapter 13. They do now have a new owner. They did go through some of the same things we did. Textron gave them a warranty through an outside source. They did not have the parts problems because their company bought components and the dealers were able to source them directly. They did repo alot of bikes. These were from dealers that he thought did not pay. This dealer did pay his floor plan interest, he only had two bikes. I think we need to call a dealer that had bikes picked up to get more info. He was not that upset at textron. Altough when I told him more about our situation he was very curious and stated his opinion about all floor plan companies.

Case

[SESS]

Well now that Textron has resolved the motorcycle problem, they will have more free time to work on the Farmtrac dealers! Yikes!

[taxpayer]

Originally Posted by case1570

I just got off the phone with an American Iron Horse Dealer. He stated that the motorcycle co filed Chapter 13. They do now have a new owner. They did go through some of the same things we did. Textron gave them a warranty through an outside source. They did not have the parts problems because their company bought components and the dealers were able to source them directly. They did repo alot of bikes. These were from dealers that he thought did not pay. This dealer did pay his floor plan interest, he only had two bikes. I think we need to call a dealer that had bikes picked up to get more info. He was not that upset at textron. Altough when I told him more about our situation he was very curious and stated his opinion about all floor plan companies.

Case

Good job Case, thanks----------------taxpayer

[Brad86]

for all you guys out there i was looking for a back glass for my farmtrac 8075dt and got some response from polland. He said they had the glass and give me a price. We are now setting a pre-payment plan so he can get his money.
they have been really helpful by getting me shipping cost and all. He is also going to ship it directly to my front door. So if your needing parts, and all else fails just e-mail to farmtrac@farmtrac.com.pl they will answer or they answered mine at least. Hope it helps some of you!!!!

[SESS]

This article was published today in the Daily Southener newspaper out of Tarboro, NC.....

ECMC buys bulk barn operation
W. TERRY SMITH
EDITOR


Mon, Jun 09 2008

Two Edgecombe County farmers have purchased the bulk barn manufacturing operations of Farmtrac.
The new company is known as Eastern Carolina Manufacturing Co. (ECMC) and will create at least 50 new jobs and make at least a $2 million investment over the next two to four years, said Chief Executive Officer Robert H. Bob Pope Sr.
Pope, 56, of Rocky Mount and Richard C. Anderson, 47, of Leggett are ECMC owners.
In February, Farmtrac was forced into court-ordered receivership that included authorization to liquidate its assets.
Terms of the sale of the 121,740 square foot manufacturing facility on a 10.5-acre site on Hope Lodge Street were not disclosed. The building had been vacant for years.
ECMC´ purchase included the property and all the equipment, fixtures, priority tools, specifications, plans, engineering drawings and trademark used by Farmtrac to make and sell tobacco barns.
Farmtrac was successor to Long Manufacturing Co., which was the original manufacturer of Long bulk tobacco curing barns.
ECMC has two subsidiaries: Long Tobacco Barn Co. and Pope Manufacturing Co., which plans to develop barns that utilize solar energy.
The company has started production of bulk barns for the upcoming tobacco-harvesting season and is presently employing 28 people, Pope said. Some of these workers are former Farmtrac employees.
Carolinas Gateway Partnership has been helping put the deal together for the last two months.
We are so pleased that local people are re-investing in the community, Partnership Vice President Oppie Jordan said.
The Partnership contributed a $25,000 incentives grant.
In March, the Town of Tarboro applied to the Rural Center for a $250,000 building and reuse grant, based on $10,000 per employee.
This is good news and another shot in the arm for us, said Tarboro Mayor Donald Morris. I hope they have much success.
The creation of these new jobs and new investment is great news for our community, said Charlie Harrell, chairman of the Edgecombe County Board of Commissioners. Edgecombe County welcomes this good news.
Carolina Gateway Partnership Chairman Frank Harrison said, å…¸his is a great example of local investors seeing the potential and taking advantage of the excellent local business climate. This is good news for the two-county area.
The Partnership is a coalition of more than 200 public and private sector investors from Nash and Edgecombe counties, the City of Rocky Mount, the Town of Tarboro and the Town of Nashville.

[taxpayer]

the sale was for $650,000.00, it is in the court record of the LS cable suit. with the amount of grants they got, someone got a heck of a deal. I wonder who the investors are?this is really old news, makes me wonder why it has been kept from the public and why southerner editor Terry Smith is just now getting around to printing it.with the exception of Bob Benedetti and his efforts to uncover the truth. not much else has come from tarboro that has done the dealers a nickels worth of good. a good federal investigation of the whole blasted place is whats really needed.------------taxpayer