GregPeterson-2019-square.jpg

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
In total, 4 tractors sold at this auction for new record high prices.
This tractor sold for a record price of $64,000 on an April 28 auction.
Prices for used equipment, namely tillage, in good condition have been fairly steady.
Looking back at the planting category in the first half of 2014, there are divergent trends emerging based on equipment type, size and age.
One of the more pronounced used equipment trends of 2014 has been the falling value of planters.
What gives? As I mentioned in my January Farm Journal column, the last couple months of 2016 I saw very strong auction prices on most all used farm equipment in good condition. How’s that possible, you ask?
When I was a kid in the 1970s boxing was big thanks to talented athletes such as Ali, Frazier, Foreman and Sugar Ray.
This 2005 John Deere 1890 42.5' air seeder sold at a southeast North Dakota farm auction Wednesday.
So, Pete, what’s going on in the used planter market? It’s difficult to sum up the category into a generalized statement, so let’s break it down:
Values on used planting equipment in good condition have been rising throughout 2021.