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.
Auction prices have been amazing in the last year — especially in the last six months. Check out the equipment category record-high auction prices just since November 2022.
A 28-year-old, low-hour tractor draws attention during online retirement auction.
Located in Ohio, this Farmall C was restored by the original owner.
This 2002 John Deere 8420 sold on a May 4 farm auction in DePere, WI.
After seeing 25,000 sales of used disks come and go, Machinery Pete showcases three, each one from a different manufacturer, that have captured the highest prices farmers have ever paid for a tillage tool – so far.
Having tracked machinery values for three and a half decades, Greg Peterson, aka Machinery Pete, knows there are a lot of moving parts to watch.
This 1986 Steiger Cougar 1000 with 2931 actual hours sold for record price of $50,000 on 2/25/23 consignment auction in Columbia City, IN by Schrader Real Estate and Auction.
People want to attribute the skyrocketing used equipment values solely to inflation, but that hasn’t been the engine driving prices higher. Nope. Here’s the real issue.
Strong used equipment values have been a theme for the past 18 to 20 months, and Machinery Pete doesn’t see that story changing anytime soon. During National Farm Machinery Show he revealed why those prices could last.
The seller was from Washington. The tractor sold for asking price ($140K) in a day.