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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
After we saw so many new records set for machinery prices in 2021, I began to sense a collective response across the ag space as the calendar slid into 2022.
Inflation+. No, that is not a sad new streaming service to rival Disney+, but it could well have been the name of my Machinery Pete blog in the past 15 months.
This tractor sold for a new record price by $65,000.
A 40' drill sold in Kansas for $103,000.
This tractor shattered the former record price of $38,500 from 3 years ago.
Used combine values continue to remain in Machinery Pete’s “red hot” category this summer.
A pair of good used tillage items sold hot on a July 21, 2022 online farm auction in Delta, IA.
The sheer volume of high-to-record auction prices for used equipment in good condition has been nothing short of amazing.
Check out how this tractor sold on Oct. 1 in Nebraska
I’ve seen the same trend for the past 10 months with used mid- to high-horsepower tractors, combines and planters. Now, the trend is in self-propelled sprayers.