Have We Found a Bottom in the Used Equipment Market?

At the Dekalb Asgrow booth at Commodity Classic, Tyne Morgan of U.S. Farm Report hosted Machinery Pete’s Greg Peterson for a roundtable discussion of machinery prices and values.

Used Machinery Auction
Used Machinery Auction
(Machinery Pete)

At the Dekalb Asgrow booth at Commodity Classic, Tyne Morgan of U.S. Farm Report hosted Machinery Pete’s Greg Peterson for a roundtable discussion of machinery prices and values.

In this used equipment market, Machinery Pete has said it’s finding a floor. Sales have been holding up, so Morgan asked Greg Peterson of Machinery Pete if that bottom is in.

Watch the video above.

AgWeb-Logo crop
Related Stories
While late-model horsepower commanded top dollar, hidden gems turned heads — including the first-ever 1984 Case 2394 built and a 1999 Chevy pickup that fetched nearly $24,000.
A Pennsylvania dispersal saw record bids on high-hour iron, while standout sales across Texas and Ontario prove buyer demand remains sky-high for clean, well-maintained used equipment.
1980 John Deere 4440 tractor sells for $155,000, nearly double the previous record auction price, as tight supply and farmer optimism fuel aggressive bidding through year-end.
Read Next
After a growing season with multiple windstorms, tornadoes and 15" to 20" more rain than normal, Cody White in Maroa, Illinois is seeing corn bushels 25-30 bushels lower than last year.
Get News Daily
Get Market Alerts
Get News & Markets App