Used Equipment: Market Values & Trends

Content of this column is based on actual local and regional pricing compiled by Greg Peterson, known to the industry as Machinery Pete. Since 1989, 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.

ARTICLES

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.
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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.
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