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
Strong demand for low-hour Bobcat skid steers and late-model John Deere tractors continues to drive robust results across the Midwest.
John Deere enhances precision agriculture technology with free fallow use, See & Scout field insights and expanded crop support for 2027.
As inventory thins, well-maintained used units are seeing double-digit price increases compared to last year.
Read Next
As the Strait closure enters its tenth week, supply chain gridlock and policy hurdles suggest high input costs will persist through the 2027 planting season, according to Josh Linville, vice president of fertilizer with StoneX.
Get News Daily
Get Market Alerts
Get News & Markets App