Greg Peterson, Machinery Pete

Greg Peterson, Machinery Pete

Since 1989, Greg Peterson, known to the industry as Machinery Pete, has compiled more than 500,000 auction prices on used farm and construction equipment sold throughout North America. Peterson has built a network of 1,000 regional auctioneers, 600 ag lenders, 2,000 implement dealers and thousands of farmers throughout the U.S. and Canada. Peterson contributes to regularly in a column titled "Used Equipment: Market Value & Trends."


Machinery Pete: A Sale That Sets the Market

A sale to set the market is how the Nov. 29, 2016, absolute dealer auction for SEMA Equipment in Rochester, Minn., was being viewed by all in the farm equipment space — dealers, ag lenders, famers, auction firms. It’s easy for me to be on hand for this big sale as it was right where I lived for the past 27 years, in Rochester, Minn.
Read More

Machinery Pete: 3 Examples Illustrate Surprises in Today’s Machinery Market

November is off to quite an interesting start. I saw some very strong auction prices during the first 10 days of the month. These strong auction sale prices don’t surprise me — even in this stubborn down ag economic cycle we’re stuck in. Why am I not surprised? Because it’s the same thing I’ve been seeing now for 6 years in a row now going back to 2010.
Read More

Top Articles

Current Issue


Farm Equipment

Conversations in Ag

Farm Equipment editors sat down with individuals touching various aspects of agriculture — among them dealers, farmers, manufacturers, economists and consultants — to moderate conversations about the biggest issues impacting the farm equipment industry.

View More

Must Read Free Eguides

Download these helpful knowledge building tools

View More
Top Directory Listings