FarmTrac Troubles

[MessickFarmEqu]

Iwas also suprised by the number of times this thread had been viewed and I'm sure the big boys are among that number. but what really amazed me,was a couple of my farmtrac dealer friends admitted that they had never heard of this thread

I know we all think highly of this website, however its impact on the larger tractor world is minimal at best.

 

[redlevel]

The fax from Textron says we'll have warranty for new tractors sold in the next couple months and then be able to buy warranty for tractors sold after that. If Textron will give us a phone number for consumers to call to verify that the tractor they are looking at has warranty I think that will calm some of the concerns the consumers will have.

What about the remaining 18 months of warranty on the tractor I purchased in late 2006? Are they going to honor that? I doubt many potential customers' concerns will be calmed if they see that tractors still within the warranty period are not covered.

I would trade for a new Farmtrac under those circumstances, but I would ignore any promise of a warranty. As I said before, there would have to be a deep discount for me to trade for a Farmtrac again.

I love the product, and I have no problems with my dealer. In fact, I think he is an honorable man. I don't trust the company, though. That is the problem you dealers are going to have getting our business back.

 

[fayettevilleSLM]

Hey there dealers. I work for a law firm (don't run away or turn off your computer) in Fayetteville, AR that is suing Montana Tractors. In doing some research between the MT connection to Beaver Creek and Farmtrac, I came across this site (so I'm one of the guests who have been reading for a few days!).

Anyway, I noticed that someone mentioned a few days ago that they are tired of people trying to connect MT to Beaver Creek holdings. Anyone willing to tell me what that's about? Don't worry - I won't use your name or anything...i'm just a lowly researcher trying to put together the pieces of a really bizarre and complicated puzzle and where better to do that than a forum of tractor dealers and owners who know the business inside and out.

I know that MT tried to buy shares of Beaver Creek (or Farmtrac?) but that aquisition was voted down by the board. But I also know that meetings took place in India back in March between Escorts Ltd. and MT.

Any info you have would be great....sometimes the word on the street is just as powerful as the concrete facts. I'm just trying to wrap my brain around the relationships that exist between these companies.

Thanks,
fayettevilleSLM

 

[longtrman]

Hey there dealers. I work for a law firm (don't run away or turn off your computer) in Fayetteville, AR that is suing Montana Tractors. In doing some research between the MT connection to Beaver Creek and Farmtrac, I came across this site (so I'm one of the guests who have been reading for a few days!).

Anyway, I noticed that someone mentioned a few days ago that they are tired of people trying to connect MT to Beaver Creek holdings. Anyone willing to tell me what that's about? Don't worry - I won't use your name or anything...i'm just a lowly researcher trying to put together the pieces of a really bizarre and complicated puzzle and where better to do that than a forum of tractor dealers and owners who know the business inside and out.

I know that MT tried to buy shares of Beaver Creek (or Farmtrac?) but that aquisition was voted down by the board. But I also know that meetings took place in India back in March between Escorts Ltd. and MT.

Any info you have would be great....sometimes the word on the street is just as powerful as the concrete facts. I'm just trying to wrap my brain around the relationships that exist between these companies.

Thanks,
fayettevilleSLM

I know you can't be specific but I sure would love to know the nature of the Montana suit-- product liability--warranty--stockholder concern. Man I wish we could know. I hope it doesn't concern the same type of thing we are into with Farmtrac. You know--our ex-territory managers worked for Montana and one even became your CEO for a while.

 

[777777]

"Our Canadian friends really ought to take a serious look at Farmtrac now. As we have noted before you can use Same parts on the 7 series tractors, Montana parts on the 2 & 3 series, and Ford parts on the 5 series tractors. If you get the tractor cheap enough who cares about warranty. If the tractor is cheap enough it is worth the gamble--you may be one of the 90% who never need the warranty. So many of the tractors I've sold I have never had a warranty problem on them."

Hi.
I am a little surprised this hasn't come up before. Set up a shell company in Canada, bring the Farmtracs in, sell them as used with no warranty but probable parts support, and sell them at a good price. Might be advantagous for those dealers closer to the border as the shipping would be cheaper. Lot cheaper than putting in a container and paying all those shipping charges.

Who knows, might work out well for all. If I had the $, I would probably buy a bunch and try to move them up here.

Sorry bout all the Farmtrac problems and having been following this thread somewhat dumbfounded by what has gone on.
I wish everyone the best of luck and hope it works out well for all involved.

Tom

 

[Maka]

Anyone can sue anyone and some supposed atty. or atty. assistant coming on here saying they are sueing Montana is pretty low.

If you want that info and you really are an attorney then get the facts and details via discovery, depositions etc.

Go bottom feed elsewhere.

Maka

 

[taxpayer]

HEADS UP!! check out this story "FARMTRAC BEGINS LIQUIDATING ASSETS TO REPAY DEBT" . date april 9,2008 ,AgriMarketing.com looks as dealers are left out in the cold once again.please one of you who knows how do it,copy and paste the article to this thread for everyone to read.----thanks, TAXpayer

 

[Volfandt]

bump
Good luck folks

 

[SESS]

FARMTRAC BEGINS LIQUIDATING ASSETS TO REPAY DEBT
Apr. 9, 2008

Farm Equipment magazine reports:

According to a report from Starks News Service on April 4, Tarboro, N.C.-based Farmtrac North America LLC, has begun the process of liquidating nearly 4,900 units of fully assembled farm tractors.

Quoting a "knowledgeable industry source," the news service reports that liquidation will be used to help repay debt of more than $13.0 million to Textron Financial Corp.

Farmtrac, which is in receivership, listed over 900 units of farm tractors with LewPack International Inc., an export import group that specializes in selling vehicle inventories worldwide.

The source disclosed to SNS Interactive Farmtrac plans to liquidate 2,800 units of farm tractors in inventory at U.S. dealer outlets. Another 1,200 units of fully assembled farm tractors remain in storage.

 

[SESS]

Where is there another 4900 assembly Farmtracs????? There is already 900+ in Tarboro and now more?????? Are they referring to the tractors at each dealer has that equals 4900? Geeze louise there are unsold Farmtracs everywhere!