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
Here are four truths of this new normal.
This tractor sold for a record price, just eclipsing what the same tractor sold for 8 years ago at auction
Plug into the very latest pricing data to avoid machinery buying, selling or trading mistakes.
This tractor sold for a new record price by $12,000.
This John Deere 4430 sold for the second highest auction price ever.
Every corner of the used equipment market is on fire, so what should I to highlight? Let’s go big horsepower, as in 4WD and track tractors.
How hot is the market for good condition used tractors? Travel back with me to a July 8, 2021, farm retirement auction for Leon and Susan Hoffman in southwest Minnesota for your answer.
This latest rise in used equipment values is, frankly, breathtaking.
Four other record auction prices were set at this sale.
In this current period, I am seeing very strong auction prices on a variety of equipment categories — from tractors in good condition to hay equipment.