CDsdad
Platinum Member
glgdiggs said:
Maybe in a year or two, TBN can take Agco, FT and who knows what others and have a "GONE BUT NOT FORGOTTEN". forum.
FarmTrac Troubles
- Thread starter gamble77
- Start date
- Views: 559221
Maybe in a year or two, TBN can take Agco, FT and who knows what others and have a "GONE BUT NOT FORGOTTEN". forum.
rascoil
Bronze Member
- Joined
- Feb 27, 2008
- Messages
- 62
I am tired of dealing with. Textron, Farm Trac, and Escort. I you are interested in a Class Action Law suit with me Just drop me a PM. Thank You.
This is no joke. If you would like to participate in this PM me.
Or you can just email me at rascoil@yahoo.com
rascoil
Bronze Member
- Joined
- Feb 27, 2008
- Messages
- 62
MDM said:
OK, How about this you give me back my30 grand and you get them to fix it.
That is what I thought.
What is wrong with your tractor that is going to cost 30 grand to fix? Just pay a local mechanic to fix it it you can't yourself. It might be cheaper that way unless you have a warranty issue you are refering to? A tractor repair is nothing to sue over, but thats just me.
rascoil
Bronze Member
- Joined
- Feb 27, 2008
- Messages
- 62
MDM said:
The motor is no good, It was a factory flaw, There are no parts for this motor. Farm Trac has 2 in there ware house. Textron is in control. But seeing I paid cash for my tractor. They are not willing to help me. They where gong to ship me a motor. But when they found out I was not financed by them, Guess what. We cant help you. I have called 15 Farmtrac dealers (none of them are willing to work on it) I will burn in **** before I pay them one more dime. I have even offered to pay for the work and the shipping. It is a warranty issue. They installed the wrong pistons in the motor at the factory, A Farmtrac Tec said this has happened 2 other times. There is a tractor sitting in Amarillo with an new motor that was replaced do to this, but now the trani has went out. I guess due to a improper installation of the motor.
I would rather give 10 more grand to a lawyer then to give it to them. I bet I get my money back. I don't know about you but they have broke a few laws in Texas according to the Attorney General. So we will see. I have already purchased another new tractor. Why are you defending them? Textron is going to gut the company and the 2 motors that are in the warehouse will find there way to junk yard. For one time I would like to see some one do the right thing.
MessickFarmEqu
Super Member
I'm not sure you have anyone to sue anyhow... FarmTrac is no more. You've got no one to go after. You can't hold a company liable for going out of business.
rascoil
Bronze Member
- Joined
- Feb 27, 2008
- Messages
- 62
MessickFarmEqu said:
First they are not out of business. I am still talking to the same old Farm Trac Employees that I was when this started. They are just running with what money they can. The longer you wait the less there will be left. 2 of these dirt balls have already left the country. We will see. The Texas Attorney General and My Attorney seem to think other wise. I am also going to hold my dealer liable also. If you want stand behind what you sell, then you shouldn't sell it. I am just glad I am not a Dealer. I feel for them. Any company that lets some reps work for several days and then dont even tell them they are not getting paid. They will get what they need. I have no more to ad on the subject of Farm Trac.
Last edited:
SESS
Gold Member
This article appeared today in the Tarboro, NC news paper.....
Farmtrac talks with Montana Tractors
BOB BENEDETTI
Staff reporter
More than 300 farm implement dealers across the nation have been negatively impacted by the mid-January closing of Tarboro-based Farmtrac North America.
Lack of warranty and parts support has left Farmtrac dealerships scrambling to support customers and supply revenue to keep doors open.
But due to recent talks in the Middle East, that may change soon.
In a March 6 newsletter published by Springdale, Ark., farm equipment manufacturer Montana Tractor, Vice-Chairman and Co-Owner Ted Wade stated that a team of its representatives recently met with the parent company of Farmtrac, Escorts, Ltd. to "discuss the possible business options available between the two companies."
The meetings were held in New Delhi, India; home of Escorts, Ltd.
During the same timeframe, undisclosed Farmtrac employees stated that Farmtrac Marketing Head Shenu Agarwal and Chief Financial Officer Alton Cobb were also in India.
During a Wednesday phone conversation with Wade, the Montana Tractor leader did not confirm nor deny direct discussions with Agarwal or Cobb, but did express an interest in "helping" the financially ailing Farmtrac by "representing its warranty, parts and service" segments.
Farmtrac was placed in receivership by an Edgecombe County court in late February.
Wade said talks were productive enough that parties had reached an "agreement in principle," that Montana officials "have sent drafts" of a proposed agreement and are awaiting their completion. Wade added that "there's always an 11th hour" and that "we've been disappointed before."
Wade said processing paperwork usually takes "about two to three weeks" and indicated that "we want to move on this" and will "continue to be very aggressive in growing Montana's market share" in what is anticipated to be "a very challenging compact tractor market this year."
Should the move go through, it would be mutually beneficial to Montana and to Farmtrac deals across the country.
A confirmed plan to provide tractor warranties, parts and service would give Farmtrac dealers a huge lift. Without a manufacturer warranty to protect against breakage, customers have been unwilling to purchase tractors. In the short term, that reluctance has caused a backup of equipment on retail lots, a lack of two months worth of cash flow and a threat that hard times may drag on.
With an economy that is already struggling, the added lack of sales is an added kick to some dealers that are down. Farmtrac dealers report they've had to dig into their savings to stay afloat.
A longer term concern for dealerships is the prospect of being unable to return or liquidate the blue Farmtrac units if the company becomes defunct permanently.
One Louisiana Farmtrac dealership said, "I have a $100,000 worth of equipment tied up in this. I can't afford to take that loss."
At present, Farmtrac dealers across the nation have reported their only contacts from headquarters have been two faxes: an initial notice of the company's initial closing and another when attorney Jim Marrow of Tarboro was assigned receivership by a county court.
According to Edgecombe County Superior Court documentation, Textron Financial Corp. filed a complaint on Feb. 12 against Farmtrac is "not less than $13,309,056 plus interest plus attorney's fees of $1,996,358 and additional contingent obligations."
According to a Claim and Deliver affidavit dated Feb. 12, the actual value of Farmtrac property is "approximately $12 million."
Farmtrac Chief Financial Officer Alton Cobb failed to respond to calls inquiring on the company's status. Farmtrac dealerships across have also reported the company's failure to respond.
Approximately 180 persons were unemployed after Farmtrac closed its production facility in Tarboro.
Montana Tractors, a privately-held corporation that originated in 2004, distributes tractors throughout North America. Montana currently employs approximately 70 persons and holds a distribution network of over 250 dealers in North America, including 10 retail locations across North Carolina. It is the fastest growing brand of compact and utility tractors in North America.
Although Montana has no dealerships in Edgecombe County, it owns 80 acres adjacent to Farmtrac headquarters in Tarboro land that Wade said could be used as an East Coast distribution center.
Farmtrac talks with Montana Tractors
BOB BENEDETTI
Staff reporter
More than 300 farm implement dealers across the nation have been negatively impacted by the mid-January closing of Tarboro-based Farmtrac North America.
Lack of warranty and parts support has left Farmtrac dealerships scrambling to support customers and supply revenue to keep doors open.
But due to recent talks in the Middle East, that may change soon.
In a March 6 newsletter published by Springdale, Ark., farm equipment manufacturer Montana Tractor, Vice-Chairman and Co-Owner Ted Wade stated that a team of its representatives recently met with the parent company of Farmtrac, Escorts, Ltd. to "discuss the possible business options available between the two companies."
The meetings were held in New Delhi, India; home of Escorts, Ltd.
During the same timeframe, undisclosed Farmtrac employees stated that Farmtrac Marketing Head Shenu Agarwal and Chief Financial Officer Alton Cobb were also in India.
During a Wednesday phone conversation with Wade, the Montana Tractor leader did not confirm nor deny direct discussions with Agarwal or Cobb, but did express an interest in "helping" the financially ailing Farmtrac by "representing its warranty, parts and service" segments.
Farmtrac was placed in receivership by an Edgecombe County court in late February.
Wade said talks were productive enough that parties had reached an "agreement in principle," that Montana officials "have sent drafts" of a proposed agreement and are awaiting their completion. Wade added that "there's always an 11th hour" and that "we've been disappointed before."
Wade said processing paperwork usually takes "about two to three weeks" and indicated that "we want to move on this" and will "continue to be very aggressive in growing Montana's market share" in what is anticipated to be "a very challenging compact tractor market this year."
Should the move go through, it would be mutually beneficial to Montana and to Farmtrac deals across the country.
A confirmed plan to provide tractor warranties, parts and service would give Farmtrac dealers a huge lift. Without a manufacturer warranty to protect against breakage, customers have been unwilling to purchase tractors. In the short term, that reluctance has caused a backup of equipment on retail lots, a lack of two months worth of cash flow and a threat that hard times may drag on.
With an economy that is already struggling, the added lack of sales is an added kick to some dealers that are down. Farmtrac dealers report they've had to dig into their savings to stay afloat.
A longer term concern for dealerships is the prospect of being unable to return or liquidate the blue Farmtrac units if the company becomes defunct permanently.
One Louisiana Farmtrac dealership said, "I have a $100,000 worth of equipment tied up in this. I can't afford to take that loss."
At present, Farmtrac dealers across the nation have reported their only contacts from headquarters have been two faxes: an initial notice of the company's initial closing and another when attorney Jim Marrow of Tarboro was assigned receivership by a county court.
According to Edgecombe County Superior Court documentation, Textron Financial Corp. filed a complaint on Feb. 12 against Farmtrac is "not less than $13,309,056 plus interest plus attorney's fees of $1,996,358 and additional contingent obligations."
According to a Claim and Deliver affidavit dated Feb. 12, the actual value of Farmtrac property is "approximately $12 million."
Farmtrac Chief Financial Officer Alton Cobb failed to respond to calls inquiring on the company's status. Farmtrac dealerships across have also reported the company's failure to respond.
Approximately 180 persons were unemployed after Farmtrac closed its production facility in Tarboro.
Montana Tractors, a privately-held corporation that originated in 2004, distributes tractors throughout North America. Montana currently employs approximately 70 persons and holds a distribution network of over 250 dealers in North America, including 10 retail locations across North Carolina. It is the fastest growing brand of compact and utility tractors in North America.
Although Montana has no dealerships in Edgecombe County, it owns 80 acres adjacent to Farmtrac headquarters in Tarboro land that Wade said could be used as an East Coast distribution center.
rascoil
Bronze Member
- Joined
- Feb 27, 2008
- Messages
- 62
That is a repost. That is from last year. As far as I know Montana wants nothing to do with the FarmTrac brand.
