FarmTrac Troubles

[Tim C.]

Now we come to the worst kept secret in the industry.



Textron's big, long waited, position statement/sales program due out this week. Waiting to see what the hard copy looks like. Mixed emotions on what I have heard.

Tim

 

[SESS]

Now we come to the worst kept secret in the industry.



Textron's big, long waited, position statement/sales program due out this week. Waiting to see what the hard copy looks like. Mixed emotions on what I have heard.

Tim

Tim your the best. Now I have new things to think about at 2:00am instead of the things that I have already thunk to death! Can't wait for a fax, mail or phone call! Any news right now will be appreciated. Until next time...

 

[Tim C.]

"Tim your the best. Now I have new things to think about at 2:00am instead of the things that I have already thunk to death! Can't wait for a fax, mail or phone call! Any news right now will be appreciated. Until next time..."

Don't know about you, but I plan to go home and forget about it. Just like flipping a switch, gone. I leave it at the door and don't pack it in with me. Everything will be there in the morning. Unless someone fixes it, then I didn't have to worry about it anyway.

I have learned a lot about life farming. By midnight over one half of my wheat crop will be under water. 75K down the river. I slept well last night. Plan to sleep well tonight. Control what you can, accept what you can't.

Tim

 

[rascoil]

End of day view.

After having someone pull the phone out of my ear I can say a few things. It has been a very busy day and I am sure AT&T made lots of money today.

Basically, today was a day of listening and feeling out other's ideas. I came away with a better understanding of the situation in Tarboro, Textron, LS, Same, and Escorts.

The auction was the topic of the day. It is a public auction. No one is barred from bidding. A few items were included to enhance attendance (my opinion). Farmtrac has to have operating capital. This is how they decided to generate cash. Outside of a few implements and loader attachments this is a salvage sale. I "walked" thru every photo with multiple Farmtrac people to ask what is it, where did it come from, how long has it been there, and why sell it this way. I can tell you after those conversations, I am comfortable with the choices and the logic that went on to make those choices. There are more photos up on the website today. They could have done a better job with captioning. But I am a perfectionist.

We will know more after the 25th.

Tim

In a way they are in the same boat as all the dealers. They do have to do something to raise money to pay the interest just like you dealers half to. I am on the fence with all of you. They did do there best for me, they gave me a motor. My gripe is not with the current management, but with the ones who have fled the country and run with the money. Now days it is easy to track the kind of money that is gone a stray. It will all come out in the end. I am sure there is going to be some Tax folks looking for there cut. If Mr. Gurkins can pull this company out of the hole then good for him. It seems to be a conflict of interest with him as a co owner of the auction company, but then again his intentions could be in the best interest of you all. Like you say Tim, after the 25th a lot more will be in the open. I wish you all well with your meeting. If I was a dealer, I would do what I had to do to be there. There is nothing wrong with you all wanting to meet with these folks. All you want is answers and the truth. I would rather get it in person then in a letter with a bunch of legal word dancing. This is going to be Mr. Gurkins chance to prove him self a leader for Farmtrac. This will set the mood for the future of the company.

 

[rascoil]

I have learned a lot about life farming. By midnight over one half of my wheat crop will be under water. 75K down the river. I slept well last night. Plan to sleep well tonight. Control what you can, accept what you can't.

Tim

LOL, don't feel bad, They fertilized my alfalfa last year and it didn't rain. So much for that. Hope it was insured. Wish you the best Tim. Hope to get by and see you one day this year.

 

[tommybr]

I suggest that everyone give Mr. Gurkins a chance....let's give him the benifit of the doubt.

Consider the following facts:
(1) Mr. Gurkin was appointed to be assistant to the reciever, Mr. Marrow by the NC court system.
(2) Mr. Gurkin is the one who got the doors re-opened at the Farmtrac facilities.
(3) Mr. Gurkin has stated that he wants to see Farmtrac survive and the employees keep their jobs.
(4) Mr. Gurkin has said he wishes he could talk to each of the dealers personally.

Mr. Gurkin has my support in this situation...something about this man tells me we can trust him.

 

[taxpayer]

Consider the following facts:
(1) Mr. Gurkin was appointed to be assistant to the reciever, Mr. Marrow by the NC court system.
(2) Mr. Gurkin is the one who got the doors re-opened at the Farmtrac facilities.
(3) Mr. Gurkin has stated that he wants to see Farmtrac survive and the employees keep their jobs.
(4) Mr. Gurkin has said he wishes he could talk to each of the dealers personally.

Mr. Gurkin has my support in this situation...something about this man tells me we can trust him.

Its comendable that mr Gurkins is willing to meet with the dealers on the 24th.I don't see anything being resolved if,he is the only one we meet with.Remember,Mr Marrow is driving the train,Mr Gurkins is just blowing the whistle.----Taxpayer

 

[Tim C.]

Well, who is Interstate?

Tim

 

[SESS]

Well, who is Interstate?

Tim

Did everyone get their Textron fax this morning? For the people in the south that don't carry the bigger 6000,7000, or 8000 series, our discounts are very minimal. But I guess its something. We still won't sell any tractors right now until paper work for the warranty company comes in the mail. Doesn't mention where we will get parts for the warranty work when we need it either.

 

[Brentwood Power Equipment]

Got our fax.What about retail financing?