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
Trucks headline a diverse Iowa estate auction that also featured a 1981 IH 3288 that sold for $36,000.
August auctions feature late-model John Deere equipment from Iowa to Illinois, including a 104-year-old farmer’s low-hour fleet.
Detailed service history helps 2,546-hour combine top $99,000 at Minnesota auction.
Read Next
Tapped by Secretary Rollins, Kip Tom is building a faster, satellite-driven replacement for NASS’s aging survey system, one he says could turn monthly reports into biweekly ones by year’s end for multiple crops.
Get News Daily
Get Market Alerts
Get News & Markets App