FarmTrac Troubles

[CDsdad]

When did this become an AGCO thread?

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]

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

 

[MDM]

There's the answer.

Suing under any circumstances would not sit right with me, especially over a tractor. So goes society down the crapper.

 

[rascoil]

There's the answer.

Suing under any circumstances would not sit right with me, especially over a tractor. So goes society down the crapper.

OK, How about this you give me back my30 grand and you get them to fix it.

That is what I thought.

 

[MDM]

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]

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.

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]

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]

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.

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.

 

[SESS]

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.

 

[rascoil]

That is a repost. That is from last year. As far as I know Montana wants nothing to do with the FarmTrac brand.

 

[SESS]

That is a repost. That is from last year. As far as I know Montana wants nothing to do with the FarmTrac brand.

Your incorrect sir. This article is from today. Talks are back on with Montana and Farmtrac. We are a Farmtrac dealer and received the press release referred to in the article on March 6 faxed directly from Textron. We have also found out that the warranty/service/parts argreement that Montana is trying to make with Farmtrac is a long way from being finalized. The article is very accurate when it says that Farmtrac headquarters has only contacted dealers twice since this mess started and that was by fax only. They are not returning any phone calls whatsoever.

 

[California]

That is a repost.

No. See for yourself.

Published March 13, 2008 10:58 am
Farmtrac talks with Montana Tractors

 

[country69]

the field that montana tractor bought in tarboro is gona be a sweet potato field this year cause i talked with the guy yesterday that going to be renting from montana to plant on it. its a farmer out of nash county

 

[rascoil]

All I know is what I was told from. The person claiming to be the boss of all. So, This does not effect my tractor in any way. It is not a LS model. All I am saying is that they are referring back to a release in 2006 nothing else. The complete story is new. I am talking about the content of the post. That is all I was referring too. Sorry if It was taken wrong.

 

[rascoil]

Don't take me wrong, I love the blue tractor. It is a good product. But not so good product support. I have a list long as my arm of good folks at Farm Trac. The problem now is that the new management. Is not talking to one another. The wright hand does not know what the left is doing. There is some one in the Loop that is greedy and is trying to get all they can. I just want them to do the wright thing. If I could rebuild the motor I would, If I could fix it with out ever calling them again I would, but there is know way other then taking it to a machine shop and building it like a spec motor. If that is what I have to do. I will. I want to work with them, I have offered to pay for shipping. I have offered to pay for the labor. So why cant they let me have a motor? That is all I want.

 

[SESS]

All I know is what I was told from. The person claiming to be the boss of all. So, This does not effect my tractor in any way. It is not a LS model. All I am saying is that they are referring back to a release in 2006 nothing else. The complete story is new. I am talking about the content of the post. That is all I was referring too. Sorry if It was taken wrong.

Hey. It was not taken wrong at all. There are so many emotions running and you have every right to be ticked off. I know that alot of posts have been made by dealers like myself and we are all trying to keep each other informed by what we learn because we are not learning it from Farmtrac/Textron. It is amazing that the 300+ dealers all across the nation of ours, are in the same boat of the "unknown". We just try to pass on anything new we learn so that we are informed and current on what info is out there. Hopefully soon, resolution will come for us all.

 

[rascoil]

I sure hope so SESS, I just had to purchase another new tractor to take the place of this one. I told MR. Marrow today with out that motor, the tractor will wind up in a junk yard. That is a shame. It will become nothing more then a tax wright off. This is not wright, we live in the USA. We should not do business like this. I have met so many wonderful dealers and Farm Trac folks, but when you go way up on the tree the limbs start to break. You know what I mean? The dealer that we had here he has went out, over this. ALL I can say is where is Warren Buffett when you need him. Now this would be a good buy for him. He could make it all happen for everyone.

 

[Tractech]

Rascoil,
Instead of taking the tractor to the junk yard why not see about an engine from that junk yard?? I am not sure what mgt you are talking to at FT because there are none. From my understanding there is only on person that has any responsibility at all working there and he is court appointed. (There are a few volunteers in parts I guess) I'm sure if you really want to fix the engine there is parts in a junk yard you could use to put it back together. As others have stated there is no money in Farmtrac to get so I don't see how you would get anything in the suit?

 

[rascoil]

Rascoil,
Instead of taking the tractor to the junk yard why not see about an engine from that junk yard?? I am not sure what mgt you are talking to at FT because there are none. From my understanding there is only on person that has any responsibility at all working there and he is court appointed. (There are a few volunteers in parts I guess) I'm sure if you really want to fix the engine there is parts in a junk yard you could use to put it back together. As others have stated there is no money in Farmtrac to get so I don't see how you would get anything in the suit?

When they file bankruptcy If I get .10 or it be.60 on the dollar it is better then nothing. I will find a motor weather it be an after market one or I have it built into a spec motor. As for mgt Mr. Gurkin is running the shop at the main office in NC. He is getting paid well. I feel in more ways then one.

 

[chh]

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.

I know your upset, but you say you feel for the dealers, but if you include your dealer in this suit I can tell you who will end up fixing your tractor and it won't be Textron or Farmtrac. That is unless he files for bankruptcy from the legal bills. Lawyers will promise you the world to get you to file suit, but don't expect too much from the ones that should pay.