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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
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.
One of the more pronounced used equipment trends of 2014 has been the falling value of planters.
Looking back at the planting category in the first half of 2014, there are divergent trends emerging based on equipment type, size and age.
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.