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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 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.
When times are tough, buyer attention shifts to high-quality used machinery.
There is real value in looking to buy a 4-to-8-year-old used tractor—or combine, or any piece of farm equipment.
“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.