News
Today’s agriculture headlines and expert perspectives serving farmers, ranchers, crop consultants, livestock nutritionists and the entire U.S. ag community.
In early 2015, the trend of leasing tractors took off. Machinery Pete called it “the year of the lease.”
Machinery Pete is constantly keeping his eye on what’s happening in the machinery market. Recently, skid steers have been catching his eye.
One of the most popular and best-known tractors John Deere has manufactured is its 4440.
On Friday, an auction in Iowa created a lot of interest, mostly due to a particularly rare International 7588.
Any debate about heat in the tractor collector market has been dispelled in the last few weeks. According to Machinery Pete, muscle tractors from the early 1970s have been the sweet spot.
A 1974 John Deere 4430 with 2,021 hours recently sold for the second-highest auction price ever for a 4430 on April 5.
In May, one of the hottest sectors of the used equipment market was square balers.
As new equipment makes its way to the market, Machinery Pete is pulling out the crystal ball and looking ahead to auction prices in the distant future.
Machinery Pete goes to Beverly, Ohio for this week’s Tractor Tales.
Smaller horsepower tractors, less than 40 to 50 horse, have been the hottest section of the used tractor market for the last year.
Every tractor tells a tale, and while traveling the country, Machinery Pete encounters numerous machinery stories.
Machinery Pete keeps a pretty close eye on trends, and he says skid steer prices are doing well at auctions.
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.
March Madness is not only for basketball—it’s also the busiest time of the year for machinery auctions.
Machinery Pete’s Greg Peterson always has great information to share.
The spring rally in grain and soybean prices has resulted in some unexpected demand for farm machinery during a soft year for sales.
For years, Greg Peterson of Machinery Pete has said early November is the best time to sell, and he has proof with near-record high prices of used equipment sales.
Machinery Pete recaps the top stories about classic tractors from the past year.
Yes, I’m the guy who has been talking about auction prices for 26 years. But we all know the used farm equipment market is multifaceted.
This restored 1963 IHC 560 pulling tractor sold for the second highest auction price ever at a western Pennsylvania auction. Watch Machinery Pete’s video of it being sold.
See how mush this 2013 Krause Excelerator 8000 30' vertical tillage tool in like new condition sold for at a west-central Illinois auction.
Take a look back at some of Machinery Pete’s most memorable auction moments from 2014.
Machinery Pete sees plenty of classic iron on the auction trail, but these 10 collectibles from the past year stood out--and for good reason.
Here’s how an Illinois producer more than doubled his money with a small farm retirement auction after he couldn’t get any takers at his asking price, Machinery Pete reports.
In time for the holidays, Machinery Pete goes big with used John Deere planters sold at auction in December 2013.
Machinery Pete shares news of great prices out of a southeast Nebraska auction this past weekend.
What do I love most about compiling auction data on farm equipment for the past 25 years? The answer is easy: tomorrow.
Focusing on these factors and highlighting them when preparing to sell used farm equipment can help you get top resale value, Greg Peterson says.
Machinery Pete says a farm auction in the northwest part of the state resulted in some impressive winning bids this weekend.
The price of corn sagged in July. Did used farm equipment values follow suit? Well, yes and no.