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As we close out 2019, I want to share some interesting numbers from my daily study of used farm equipment values.
There’s an amazing “story” on this 1990 JD 4955 2WD with only 958 hours on it.
Keep an eye on 1-to-3-year-old machines still under warranty and slightly older tractors.
On a Dec. 12, 2019, online dealer auction in central Minnesota, Machinery Pete saw a combine sell for the highest auction price — ever.
This 2011 Challenger MT755C with 3684 hours sold for $108K yesterday on a northeast IL farm auction.
Used tractor values remained strong right through the end of 2018.
“Seems like 20 years ago we could afford a new combine.” This was a comment recently shared by a Top Producer reader. I thought I’d take a stab at addressing the topic.
When times are tough, buyer attention shifts to high-quality used machinery.
There is real value in looking to buy a 4-to-8-year-old used tractor—or combine, or any piece of farm equipment.
The cabs of combines and tractors during the fall and spring are usually covered with dirt, grease, mysterious substances, and various remnants of fast food debris.
At an auction in northwest Nebraska, Machinery Pete found some interesting prices on some machinery from the 1970s. Among his finds? A 1978 John Deere 4840 powershift.
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.