Machinery Pete - Equipment Auction News
Get the latest farm equipment news, auction trends auction results from Machinery Pete on AgWeb, including Pete’s Pick of the Week.
Check out used farm equipment listings on MachineryPete.com.
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.
Machinery Pete warns farmers to act now before any increase in corn prices triggers a repeat of 2022’s all-time high auction prices.
Grandson buys late grandfather’s John Deere 4450 for $44,000 as record-breaking New Holland sales highlight value of well-maintained equipment.
Penfield, Illinois auction delivers record sales while nearly-new 8R 370s fetch $385K at separate Missouri sale.
A 2024 John Deere S780 fetched $414,000 at auction, breaking typical pricing patterns and pointing toward robust year-end values.
Recent sales show late-model combines and tractors attracting premium prices with limited options in the traditional five- to 12-year-old range.
Despite a weak farm economy, record and near-record auction sales continue as farmers compete for quality used equipment, a trend Machinery Pete says is unlike anything he’s seen in 36 years.