What device are you using for input? Make sure that you have that selected in ProTools as both your hardware device, and as the playback engine in the "Setup" menu drop-down.
In PT10, make sure that you have your input source selected in the track that you are going to record. If you are going to use the POD Farm plug in later, record the track dry. POD Farm will allow you to record the track either wet or dry. It can get confusing here, as ProTools may decide to rename the inputs. For example, in my setup the wet input is labeled "Guitar" and the dry input is labeled "Mic"
The POD Farm 2.55 plug in is not for initial recording. It is best used as a post recording effect applied against a track you've recorded dry.
I am using an M-Audio MobilePre that came with the bundle. I'll try tinkering with the inputs and see if that ends up with something being recorded, thanks!
What POD Farm 2.5 license did it come with, Hardware Independent or i-Lok?
You should just make an audio track (mono) and insert POD Farm, and then you just have to choose the right input and arm the track and make PT ready to record. I've made a screenshot just in case. Might be a bit small, but I think you can see the black circles.
Admittedly I tried that and it didn't work. Maybe the trick is with which input it is like what BigChas said. It's kinda crazy, I feel like I am doing everything I should be, but it just isn't working.
Needless to say, I'll try again on my next day off. Thanks guys for your advice, and if it works I'll put that my problem has been answered.