With farmers tightening their budgetary belts during a challenging economic time, the equipment market is going through significant changes. Those changes trigger plenty of questions. Is now a good time to buy? Is it better to wait and see how the market evolves in the coming year? Are prices even on used equipment going to continue to climb?
Who better to answer these questions than Casey Seymour and Greg “Machinery Pete” Peterson, two of the industry’s most trusted experts? And you can now hear them together. Seymour’s popular weekly Moving Iron podcast has moved to the Farm Journal podcast network and Peterson has joined as co-host.
“I’m excited about joining the Farm Journal podcast network and even more excited that I get to share this time with the one and only Greg ‘Machinery Pete’ Peterson,” Seymour says on the debut episode. Peterson shares that feeling, congratulating his new partner on building a large and loyal audience for both the podcast and the annual Moving Iron Summit event. “You’ve done great work and I’m excited to be part of it,” Peterson says.
Growers, dealers and anyone interested in the ag equipment marketplace will be just as excited. Each week the dynamic duo will explore and analyze news and trends in the business of ag equipment and the auction market. Episodes also will feature a dealer spotlight and a segment on technology. On their debut episode, Seymour and Peterson are joined by Shawn Hackett, climate and commodities expert, and Aaron Fintel, a used equipment specialist.
The discussion in the first episode ranges far and wide, as they dive into the boom-and-bust cycles in agriculture as well as in sales of ag equipment. Last year saw dealers taking an unprecedented volume of late-model equipment to the auction market, and the hosts don’t see that trend continuing into the new year. While they foresee the market’s recovery taking time, farmers and dealers could notice changes by the fourth quarter of 2025, even late in the third quarter.
As far as when to buy, Peterson says, “Don’t sit back too long because things are starting to firm up.” He adds that dealers he’s spoken to have been pleasantly surprised by an uptick in sales in December and January. Seymour attributes his optimism to a number of factors, such as decreasing interest rates, a slowing auction market, rising commodity prices and pent-up buying demand. He says, “There’s going to be a little more money out there by the end of the year.”
Watch the full episode of Moving Iron.
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