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Greg Peterson

Greg Peterson, known as Machinery Pete, has built a network of 950 regional auctioneers, 600 ag lenders, 2,000 implement dealers and thousands of farmers throughout the U.S. and Canada. Since 1989, Machinery Pete has compiled more than 500,000 auction prices on used farm and construction equipment sold throughout North America. A widely sought-out speaker, Peterson regularly presents to farmer and investor audiences. He has more than 44,000 Facebook fans. In 2014, his YouTube videos tallied 6 million minutes. In 2015, Machinery Pete launched a dealer listings site with analytics and marketing services for equipment dealers. Peterson is the multimedia expert on used equipment values for Farm Journal Media, including print and broadcast. Going into its third season, Machinery Pete TV, a weekly 30-minute show, launched on RFD-TV in November 2013.

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.