FarmTrac Troubles

[redneckford]

Does LS Mtron USA have the capital to floor plan its own units in the US or will they just buy out the Montana partners lock stock and paint gun and team with Textron to form a John Deere like company of the Future!!!!----They just lost 12 million on this FarmTrac Deal!!!

 

[taxpayer]

Does LS Mtron USA have the capital to floor plan its own units in the US or will they just buy out the Montana partners lock stock and paint gun and team with Textron to form a John Deere like company of the Future!!!!----They just lost 12 million on this FarmTrac Deal!!!

Could happen Red, but it doesn't seem likely, after all LS was pretty miffed with Textron for not giving them a heads up before this mess came down.maybe montana was also getting nervous that LS was about to shaft them, jockeying into position to have another line available makes good business sense don't you think?gonna have to get old blue to help us sniff it out eh?

 

[redneckford]

Could happen Red, but it doesn't seem likely, after all LS was pretty miffed with Textron for not giving them a heads up before this mess came down.maybe montana was also getting nervous that LS was about to shaft them, jockeying into position to have another line available makes good business sense don't you think?gonna have to get old blue to help us sniff it out eh?

What does Rodney Miller know and when did he know it????!!!!! Blue you on that trail yet?? Glad football season is almost over!!! maybe we can get the ole hound back on the money trail!!!! Still waiting on that gift basket??? so we can go on that BOAT RIDE!!! Ain't Deutz/SAME Tractors Green too?? Well??? The "Long" GREEN Line!?

 

[taxpayer]

What does Rodney Miller know and when did he know it????!!!!! Blue you on that trail yet?? Glad football season is almost over!!! maybe we can get the ole hound back on the money trail!!!! Still waiting on that gift basket??? so we can go on that BOAT RIDE!!! Ain't Deutz/SAME Tractors Green too?? Well??? The "Long" GREEN Line!?

dogone it Red, I don't really care, I just figured out they done spent my shrimp boat money on a brokedown tractor company. now ain't that the pitts!!

 

[blueliner]

I think Montana has bought this out and may want to wriggle out of the business by handing out everything to LS and this may be a bargaining tool. Am i thinking too much ahead. Would like comments.

Smitty -- I think you're onto something ... because I'm sensing that Montana just wrote a check their backend won't be able to cash -- unless Textron cut a deal in the backroom and Montana is merely transactional fascia.

From observation, I'm thinking (working to prove the theory) Montana isn't as fiscally sound as they portend and ... in the words of you and I ... will inevitably (I'm guessing about a year to 18 months) need to "wriggle" out of the financial weight.

And I agree that LS could swoop down and take the entire package. By the time they do, it will be for nickels on the dollar -- the deal they were hoping to snare this time.

--b

 

[bluechip]

Montana has wanted Farmtrac for a few years now. I"m sure Textron backed this deal for them, they can make a ledger entry moving the debt owed by Farmtrac to Montana, very little new cash was required to do the deal. Montana gets a loader factory, already tooled to build loaders for much of thier product line, an east coast distribution facility and a large inventory of somewhat aged tractors in blue. LS probably looses out, as do the dealers and other creditors, employees etc. If Textron wants to make this work, they will need to encourage and support Montana to do something for the Famrtrac dealers concerning thier inventories, even if it is not part of the terms of the sale at the courthouse. If they do, they may be able add several new dealers right away. If they don't many will fail and a bunch of low priced tractors will be sold at auctions. I am most interested to find out if Escorts will get in bed with Montana now or if they will come to the USA under some new distribution plan. Will the Ford heritage (escorts) tractors sell in green??

 

[smith mall]

In all this discussion about Montana and Escort everyone seems to forget LS.
Montana sell 85% of the tractors for LS and LS is expected to come directly, What will Montana sell??
Will Montana start a new line and stop LS???.
It is a weird game,Can anyone make sense????

 

[SESS]

Here is the article from the Daily Southerner paper.........

The Daily Southerner, Tarboro, NC - Farmtrac sold to Montana Tractors

 

[blueliner]

Lessiter Publications is another source that provided coverage:
Montana Buys Farmtrac in a ...


--b

 

[longtrman]

An American built tractor would be a major selling point.Perhaps updated 3600 series with Perkins power with Ford/Farmtrac parts compatibility on the rest of the tractor.A non-union plant with a work/quality control ethic. i'dlove to buy a tractor like that. With the Government willing to pour money down dryholes in detroit,they should be willing to bankroll this.

We were told in a meeting with the president of Farmtrac that many of the 3600 Ford tractors sold by Ford tractor operations to Ford tractor dealers were actually built by Escorts themselves and sold as 3600 Fords. Did you notice that the hoods on the 3600 Ford were the same as the early 45 Farmtracs. The early Farmtrac 60 parts book tells which column of the book to use for parts for the 3600 and 3620 Fords. I don't believe there has been an American made tractor under about 100 hp since the 70's.