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.
Explore this week’s top picks, including a rare JCB Fastrac, and how high diesel prices are starting to soften machine sales.
Strong demand for low-hour Bobcat skid steers and late-model John Deere tractors continues to drive robust results across the Midwest.
As inventory thins, well-maintained used units are seeing double-digit price increases compared to last year.
New tractor sales across all segments are down 8.8% in the first three months of 2026, but auction data shows a growing 12.5% price increase for specific late-model used tractors.
A pair of John Deere tractors – a 6R 140 and 4960 – also set new benchmarks as buyers continue to pursue well-maintained equipment in the final week of March.
Estate and retirement auctions keep equipment on the move during the busiest month of the year
Auction volume is up 4.5% from late 2025, giving farmers a chance to update and right-size their equipment needs.
An Iowa auction features Ford and International tractors that bring top dollar along with “years of experience.”
Machinery Pete explains how record-high equipment ages and a pivot to used machinery are reshaping the market, proving that his father’s advice to keep your “head on a swivel” is more relevant than ever.