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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
The sale of this Allis Chalmers was propelled by nostalgia and family connections.
Here are a few of the hottest spots I’ve seen in the used machinery market.
As we close out 2019, I want to share some interesting numbers from my daily study of used farm equipment values.
There’s an amazing “story” on this 1990 JD 4955 2WD with only 958 hours on it.
Keep an eye on 1-to-3-year-old machines still under warranty and slightly older tractors.
On a Dec. 12, 2019, online dealer auction in central Minnesota, Machinery Pete saw a combine sell for the highest auction price — ever.
This 2011 Challenger MT755C with 3684 hours sold for $108K yesterday on a northeast IL farm auction.
“Seems like 20 years ago we could afford a new combine.” This was a comment recently shared by a Top Producer reader. I thought I’d take a stab at addressing the topic.
When times are tough, buyer attention shifts to high-quality used machinery.