Machinery Pete: Playing It Safe With Used Or Investing In New?

Tyne Morgan of U.S. Farm Report is talking to Greg Peterson, better known as Machinery Pete, at the National Farm Machinery Show.

Earlier this month, the USDA released a report showing farm incomes will hit a 12-year low in 2018.

While there have been recent rallies in the crop markets, farm profits are expected to drop to $59.5 billion.

This week at the National Farm Machinery Show in Louisville, Kentucky, Tyne Morgan, host of U.S. Farm Report, caught up with Machinery Pete to see what farmers will do when it comes to purchasing machinery.

Watch the story on AgDay above.

AgWeb-Logo crop
Related Stories
Penfield, Illinois auction delivers record sales while nearly-new 8R 370s fetch $385K at separate Missouri sale.
A 2024 John Deere S780 fetched $414,000 at auction, breaking typical pricing patterns and pointing toward robust year-end values.
Under a 10-year settlement, farmers gain the same capabilities as dealers to reset fault codes, pair electronic components and bypass emissions-related shutdowns.
Read Next
Get News Daily
Get Market Alerts
Get News & Markets App