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Greg Peterson

Greg Peterson, the founder behind the Machinery Pete brand, has built an extensive industry network connecting 950 regional auctioneers, 600 ag lenders, 2,000 implement dealers, and thousands of farmers across the U.S. and Canada. Since 1989, the Machinery Pete platform has compiled a database of over 500,000 auction prices on used farm and construction equipment, expanding in 2015 to launch a dealer listings site featuring analytics and marketing services.

As an individual commentator, Peterson serves as Farm Journal Media’s multimedia expert on used equipment values across print and broadcast. A sought-after speaker for farmer and investor audiences, he hosts Machinery Pete TV—a weekly 30-minute show launched on RFD-TV in November 2013. Peterson’s personal audience engagement includes over 200,000 Facebook followers and 60,000 YouTube subscribers.

Latest Stories
Machinery Pete explains how record-high equipment ages and a pivot to used machinery are reshaping the market, proving that his father’s advice to keep your “head on a swivel” is more relevant than ever.
A series of record-setting sales has Machinery Pete pointing to a new pattern.
Your farm’s odds at sustaining into future generations depends on knowing, absorbing and acting on the realities of this new/changed farm equipment market.
Here’s the auction expert’s advice on eveything from keeping emotions in check to buying extended warranties.
Here are four pieces of gray-haired wisdom from the auction price guy.
There isn’t one short sound byte that summarizes the current used self-propelled sprayer market. Right now, it’s all about navigating the noise and shades of gray, but you should be aware of these two developments.
Machinery Pete data shows the used combine market is one year ahead of the used high-horsepower tractor market in terms of values.
The Great White North of Minnesota has seen sub-zero temps and 30-mph wind this winter but very little snow. Machinery Pete is feeling left out, so he decided to share these cool machines that were made for the snow.
With the recent acquisition of the Moving Iron Summit, Machinery Pete reflects on the importance of building a business with teammates.
Auction prices for used equipment were mixed, with some items selling for higher prices and others for much lower, signaling a complex 2025 outlook.