FarmTrac Troubles
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sbrace
New member
This is an email a dealer sent me. Is there any truth to this?
Tractor comes with 3 year warranty and Farmtrac has reopened there parts department and Textron Finacial has given them the financing for a new parts department best news we have had since the Farmtrac decision to go into recievership, talked to Textron thursday and there is an offer to buy Farmtrac by third party but getting back to question 1 year full coverage and 3 year drivetrain warranty the warranty also states for some reason they cannot get the tractor fixed in resonable time, example parts issues, they will replace it .
Tractor comes with 3 year warranty and Farmtrac has reopened there parts department and Textron Finacial has given them the financing for a new parts department best news we have had since the Farmtrac decision to go into recievership, talked to Textron thursday and there is an offer to buy Farmtrac by third party but getting back to question 1 year full coverage and 3 year drivetrain warranty the warranty also states for some reason they cannot get the tractor fixed in resonable time, example parts issues, they will replace it .
plowking
Gold Member
I wish the best for all of you. I go by a farmtrac dealer a couple of times a week. He has some tractors sitting there. plowking
SESS
Gold Member
I hope this does not offend anyone or find this post inappropriate, but desperate times call for desperate measures.....
The Farmtrac dealers have decided to have a prayer meeting on Friday
08-08-08 at 7:00pm. Of course we cannot all be together, but we can be together in spirit. There has been alot of positive comments made towards the dealers, their families, the ex-Farmtrac employees and their families, and all the faithful customers that believed in their prospective dealers when they purchased their Farmtrac. Extremely terrible economic times coupled with the Farmtrac/Text*** mess is causing dealers to loose their dealerships, homes and livelihood at an alarming rate. We ask that you all take 5 minutes of your busy life and prayer for all those deeply effected by Farmtrac. While Farmtrac might be the only known company that closed their doors to date, this has effected everyone in the AG community in some form. If your not a religious person and do not believe in prayer, please at least take the time to send your positive thoughts. Thank you.
The Farmtrac dealers have decided to have a prayer meeting on Friday
08-08-08 at 7:00pm. Of course we cannot all be together, but we can be together in spirit. There has been alot of positive comments made towards the dealers, their families, the ex-Farmtrac employees and their families, and all the faithful customers that believed in their prospective dealers when they purchased their Farmtrac. Extremely terrible economic times coupled with the Farmtrac/Text*** mess is causing dealers to loose their dealerships, homes and livelihood at an alarming rate. We ask that you all take 5 minutes of your busy life and prayer for all those deeply effected by Farmtrac. While Farmtrac might be the only known company that closed their doors to date, this has effected everyone in the AG community in some form. If your not a religious person and do not believe in prayer, please at least take the time to send your positive thoughts. Thank you.
I think it is time to look at who is really loosing money in this Farmtrac ordeal. Who continues to collect money this very day at the expense of others, in a situation that, most of us believe was created by the very company who is still collecting. If you were collecting money and had no interest in seeing this come to an end, what would you do as a company? Let it continue, at the expense of others. If as a company you knew you were overlending but could shift debt very quickly to the dealer network thus mitagating any lose, would your company do it and at the expense of others? In this situation knowing that you were collecting money would you keep your dealers up to date, would you let all of the dealers get all of the information fairly or keep some in the dark, except when their interest bill was due? Would you as a company collecting money at the expense of others that you helped put into the rotten situation, who you are keeping in the dark give resonable help in moving equipment or would you let them hang by a thread with just enough room to pay the money your company wants? These things could happen to you if you floor plan with Textron. Wake up all you Cub Cadet, Montana dealers.
Now can anyone tell me who is really losing in this ordeal?
Less Then Zero customers?
Dealers, doing everything they can to keep customers happy?
LS cable, building great tractors?
Escorts, working to ship parts ASAP and building great tractors?
Textron?
Does anyone have info. on who is still turning a profit in this mess?
Case
Now can anyone tell me who is really losing in this ordeal?
Less Then Zero customers?
Dealers, doing everything they can to keep customers happy?
LS cable, building great tractors?
Escorts, working to ship parts ASAP and building great tractors?
Textron?
Does anyone have info. on who is still turning a profit in this mess?
Case
redneckford
Platinum Member
Profit????----Heck I thought this tractor business was a hobby!!!!!----Somebody LIED!!!!!! Quick get the fish net!!!!!!---um!!!shark net----
If my memory serves me correctly this is not Textrons first rodeo either. Someone may want to look at other companies they have owned, sold , sucked dry..............I think there is some out there, I think several......
case
" Still loving my tractor and dealer and still waiting for my Less Then Zero Payment!!"
case
" Still loving my tractor and dealer and still waiting for my Less Then Zero Payment!!"
SESS
Gold Member
Now can anyone tell me who is really losing in this ordeal?
Less Then Zero customers?
Dealers, doing everything they can to keep customers happy?
LS cable, building great tractors?
Escorts, working to ship parts ASAP and building great tractors?
Textron?
Does anyone have info. on who is still turning a profit in this mess?
Case[/QUOTE]
CASE my friend-I think you put them in the exact and perfect order: Less than zero customers first and then Textron last!
If we go back and read all these 113 pages of posts about the Farmtrac troubles-you can see that when this first started VERY little was known. Seven months later VERY little is still known! But TEXTRON knows and do not be fooled for one second to think that they didn't know or don't know now! Textron was bankrolling Farmtrac to keep them in business long enough for a MIRACLE to happen?? No, Textron kept Farmtrac in business long enough to dump all the 2,000 tractors onto dealers lots because Farmtrac was too far gone to salvage. So the tractors left Farmtrac "debt" and then rolled into dealer debt. Ya know-bad Farmtrac debt to good dealers debt! (this is all verifiable information in the Edgecombe Superior Court lawsuit!) How do you dump 2 years worth of tractors over a couple months? There are enough tractors on dealers lots to keep the small tractor needs supplied for years! Not to mention the other 900++ still in Tarboro!! Can anyone imagine what will happen when 3,000 tractors hit the market for sale?? Correction-the blue Farmtracs are currently for sale-we have warranty, the dealers have established a stable parts plan again and there are plenty of dealers ready to sell!!!
There is documented proof that Escort lost $45million; LS Cable lost $12 million BUT BUT BUT BUT-Textron profited $13.5 million over a 3 year period. How does that happen when everyone else is loosing?????
Less Then Zero customers?
Dealers, doing everything they can to keep customers happy?
LS cable, building great tractors?
Escorts, working to ship parts ASAP and building great tractors?
Textron?
Does anyone have info. on who is still turning a profit in this mess?
Case[/QUOTE]
CASE my friend-I think you put them in the exact and perfect order: Less than zero customers first and then Textron last!
If we go back and read all these 113 pages of posts about the Farmtrac troubles-you can see that when this first started VERY little was known. Seven months later VERY little is still known! But TEXTRON knows and do not be fooled for one second to think that they didn't know or don't know now! Textron was bankrolling Farmtrac to keep them in business long enough for a MIRACLE to happen?? No, Textron kept Farmtrac in business long enough to dump all the 2,000 tractors onto dealers lots because Farmtrac was too far gone to salvage. So the tractors left Farmtrac "debt" and then rolled into dealer debt. Ya know-bad Farmtrac debt to good dealers debt! (this is all verifiable information in the Edgecombe Superior Court lawsuit!) How do you dump 2 years worth of tractors over a couple months? There are enough tractors on dealers lots to keep the small tractor needs supplied for years! Not to mention the other 900++ still in Tarboro!! Can anyone imagine what will happen when 3,000 tractors hit the market for sale?? Correction-the blue Farmtracs are currently for sale-we have warranty, the dealers have established a stable parts plan again and there are plenty of dealers ready to sell!!!
There is documented proof that Escort lost $45million; LS Cable lost $12 million BUT BUT BUT BUT-Textron profited $13.5 million over a 3 year period. How does that happen when everyone else is loosing?????
SESS said:
They way they did it in my eyes is to have every party involved sign into deals that are very one sided(their side) and state the rest in conversations without a paper trail. The same contract that every other company that uses Textron for floorplanning has signed. PLEASE READ YOUR FLOOR PLAN CONTRACT VERY WELL!!! HAVE YOUR ATTORNEY READ IT TWICE. Then decide if the contract is a good working document or a contract for your failure! The risk may not be worth it.
Case
Case and SESS, you are both right, Textron has continued to generate interest revenue from the farmtrac network and yes, the unreasonably one sided financing agreements used in almost every segement of industry are one of the main contributers to business failure in america today.
the average person wanting to contribute to and be a part of the american dream of working for ones self and be independant, immediately becomes a target for all kinds of financing schemes.Needing working capital to put your talents and abilities to practical use, makes the working person especially vunerable to many of these financing schemes.only a lucky few are able to self finance,most start in business out of neccessity,no job and need a way to make a living.
Getting financing to get started in business used to mean going to your local bank and sitting down with someone you knew and could trust, he was a member of a local church,participated in civic activities and shared the same values as you. if he cheated his customers, he became an object of scorne in the community.
Now we live in a global economy driven by greed, success is measured in dollars and cents, not in how much good you do in your town or how honest you are. these big financial cooperations remind me of that big red pig in the tv commercials,getting fatter each time they gooble up the fruits of another's hard work.
Dealers have to accept some of the blame for the way things are, we wanted something so bad, that we failed to see that the price might become too high to pay,and we trusted because we could be trusted and thought everyone else to be the same.
In the throes of our misfortune, we have an opportunity to make things better for those who survive this and everyone else in the industry by standing firm against Textron and every other financing company who feeds their greed off our sweat. how the dealers react to this opportunity is a question unanswered right now, but it is looking better to me each day.------Taxpayer
the average person wanting to contribute to and be a part of the american dream of working for ones self and be independant, immediately becomes a target for all kinds of financing schemes.Needing working capital to put your talents and abilities to practical use, makes the working person especially vunerable to many of these financing schemes.only a lucky few are able to self finance,most start in business out of neccessity,no job and need a way to make a living.
Getting financing to get started in business used to mean going to your local bank and sitting down with someone you knew and could trust, he was a member of a local church,participated in civic activities and shared the same values as you. if he cheated his customers, he became an object of scorne in the community.
Now we live in a global economy driven by greed, success is measured in dollars and cents, not in how much good you do in your town or how honest you are. these big financial cooperations remind me of that big red pig in the tv commercials,getting fatter each time they gooble up the fruits of another's hard work.
Dealers have to accept some of the blame for the way things are, we wanted something so bad, that we failed to see that the price might become too high to pay,and we trusted because we could be trusted and thought everyone else to be the same.
In the throes of our misfortune, we have an opportunity to make things better for those who survive this and everyone else in the industry by standing firm against Textron and every other financing company who feeds their greed off our sweat. how the dealers react to this opportunity is a question unanswered right now, but it is looking better to me each day.------Taxpayer
tb8100
Silver Member
I hear Husqvarna has over $1.5 billion in acquisition funds. That would be cool if they picked up Farmtrac and gave us Husqvarna dealers a tractor to carry!
(wishful thinking)
(wishful thinking)
redneckford
Platinum Member
Don't they generate most of their volume of sales at the big box stores and other dealers have to do the warranty work. I quess it would be a heck of a lot better than what is happening now. you guys/girls are having to do the warranty work now with no parts and NO PAY!!!!!! LESS IS MORE OR MORE IS LESS?????
Almost anything would be better than what we have now,time is not on the side of the dealers,we have dealers who are having to close their doors now. you can't keep going if you can't sell the product on your lot. we need resolution now.Textron has to realise that time will not be kind to them either in terms of minimising their losses . they may force some dealers out of business by holding out, but they still will be forced themselves to deal with the problem of liquidating ageing inventory at reduced prices.they can not recover the losses they are going to have from dealers who are already broke. I don't think that framed copies of judgements against dealers, hanging on some office walls at Textron headquarters will make many points with their stockholders at dividend time.-----Taxpayerredneckford said:
redneckford
Platinum Member
points with stockholders????? Who the h--- cares what China thinks.!!!! They are buying american companies on stock share at a time!!!!!
taxpayer said:So True Redneckford, do you think you and I are too old to learn to write up and down instead of sideways?
Taxpayer -- long as you can sling a mean dish of cat and rice, you'll do fine in the 'new' world economy.
I'll have a harder time supplanting the Red Wings baseball cap for one of those semi-conical lids, though. Guess some old habits die slowly.
Rice, rice baby!
--Ole Blue
redneckford
Platinum Member
ole blue----I'm from Lous--ana I got the rice thing down.(we use road kill not cats) However I still have a problem looking out over a rice field and calculating zackly how much gravey it will take to cover that rice. Those "old" Folks could get it right every time. Course they eat what they grew and used what they made!!! Something 'bout the rump of a mule????
