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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
Located in Ohio, this Farmall C was restored by the original owner.
This 2002 John Deere 8420 sold on a May 4 farm auction in DePere, WI.
This tractor topped the former record auction price by $50K+
People want to attribute the skyrocketing used equipment values solely to inflation, but that hasn’t been the engine driving prices higher. Nope. Here’s the real issue.
The seller was from Washington. The tractor sold for asking price ($140K) in a day.
Can you buy a new planter now? Nope. And you can’t find many used models on dealer lots either. So, when the right used planter like this Kinze 4705 shows up at auction, we see tears of joy for the seller.
If you follow my reporting, you know predictions don’t tend to be in my stoic Norwegian data guy DNA. But New Year’s resolutions are about pushing our personal boundaries. I’m game, so here it goes.
This 1997 AGCO Star 8360 with 3,971 hours sold for a record price on an online auction out of North Dakota
Check out this pair of tractors that sold on Dec. 3 in Missouri.
While sectors such as housing and automobiles have seen a drop in demand, we’ve not seen the same in the farm equipment market (new or used).