News
Today’s agriculture headlines and expert perspectives serving farmers, ranchers, crop consultants, livestock nutritionists and the entire U.S. ag community.
Three farmers from across the U.S. identify the most significant drain in their rows.
Are used equipment prices showing any signs of cooling off? Greg Peterson, founder of Machinery Pete, says: No way.
Farmers and livestock producers are facing another headache this fall. In parts of the eastern corn belt there are reports of vomitoxin in corn.
A steaming heap of manure large enough to fill a sporting arena once triggered an Iowa war between stockyards and city fathers.
Before you flip the calendar to 2023, cross a few important tax to-dos off your list, encourages Paul Neiffer, CPA and principal with CLA.
Is it really necessary to add a fuel stabilizer like STA-BIL to the fuel tanks of gasoline-powered engines that won’t be used over the winter?
Click through for video of this tractor selling.
We now have the hottest used farm equipment market I’ve ever seen, and a Nov. 6 auction in Maryland is the hottest auction I’ve seen in my 32 years of tracking prices.
This tractor reached a new high record price--surpassing the auction prices of the past 9 years.
As I look to the future of the farm equipment market, I find myself looking back to draw on lessons I’ve learned in the past decades.
This fall and winter, I was frequently asked, “Pete, when is the other shoe going to drop?” This is a good question, as the used farm equipment market was on fire.
This 2005 John Deere 7420 with 2619 hours and new 741 loader from Nebraska was listed For Sale By Owner last week on MachineryPete.com
This 1979 John Deere 4440 with 4533 hours and 1981 John Deere 8440 with 5625 hours sold for strong prices on a 1/28/22 farm auction
I’m here to report used values have actually continued to RISE.
Now the question is: “Machinery Pete, these prices can’t last, can they? Prices and values have to fall, right?”
This tractor is up for sale on March 19.
After we saw so many new records set for machinery prices in 2021, I began to sense a collective response across the ag space as the calendar slid into 2022.
Inflation+. No, that is not a sad new streaming service to rival Disney+, but it could well have been the name of my Machinery Pete blog in the past 15 months.
This tractor sold for a new record price by $65,000.
A 40' drill sold in Kansas for $103,000.
This tractor shattered the former record price of $38,500 from 3 years ago.
Used combine values continue to remain in Machinery Pete’s “red hot” category this summer.
A pair of good used tillage items sold hot on a July 21, 2022 online farm auction in Delta, IA.
The sheer volume of high-to-record auction prices for used equipment in good condition has been nothing short of amazing.
Check out how this tractor sold on Oct. 1 in Nebraska
Volatility was the headline in the commodity markets this week. From fears Russia was invading Poland to then news the U.N. Grain Deal would be extended, the commodity markets saw extremes.
Most now look for President Biden to increase his use of executive orders and regulations to fulfill some other goals, including those in the coming farm bill.
If Upside gets USDA approval next, the company said it could start pumping out 50,000 pounds of “no-kill” meat products every year.
The Black Sea Grain Initiative has been extended for 120 days from Nov. 18, without any changes. The deal is bearish for U.S. corn and wheat exports, which are already lagging.
Is Mexico’s recent corn buying spree a coincidence, or are they front loading ahead of their GMO ban?