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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
The question often comes up, “What is the best way to expand your farming operation?” My answer is: Have two pairs of glasses.
It’s back to the old days. At least, that’s where it appears we are headed with machinery auctions.
Looking back at the planting category in the first half of 2014, there are divergent trends emerging based on equipment type, size and age.
Looking back at the planting category in the first half of 2014, there are divergent trends emerging based on equipment type, size and age.
And “twin sister” consecutive serial number Massey Ferguson tractors sell in Canada.
I’ve seen a lot of New Holland 256 hay rakes sell at auction in my day. To be exact, during the past 19 years, that number is 332.
I’ve come to expect that auction prices for used machinery will go up at the end of each year based on a trend that’s more than a decade strong.
This diesel lawn and garden tractor sold on Sept. 30.
These sold choice; the buyer took both.
I’ve seen some softer auction sale prices on used 4WD tractors sold at auction since June.