Used Equipment: Market Values & Trends

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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: Two Tractors Sold at Different Times

By Greg Peterson, Machinery Pete posted on September 29, 2017 | Posted in Used Equipment Remarketing

August and September 2017 were fairly bearish months in terms of farmer sentiment due to a couple of negative USDA crop report estimates.

Machinery Pete: Takeaways from the Combine Market

By Greg Peterson, Machinery Pete posted on August 18, 2017 | Posted in Used Equipment Remarketing

There was a large absolute dealer auction held on Aug. 8, 2017, in north central Illinois. It’s always fascinating to compare wholesale auction sale prices from dealer/consignment/online auctions vs. traditional farm auctions.

Machinery Pete: Insights on Big Square Balers

By Greg Peterson, Machinery Pete posted on July 26, 2017 | Posted in Used Equipment Remarketing

Let’s talk big square balers. I saw a very nice 2011 model Massey Ferguson 2150, one owner, only produced 7,800 bales, sell for $51,000 at a farm auction in northeast Iowa.

Machinery Pete: Diving Into Combines Values & Trends

By Greg Peterson, Machinery Pete posted on June 8, 2017 | Posted in Used Equipment Remarketing

June 1, 2017, was the day John Deere unveiled its new S700 Series combines. I posted a video from the event at lunch time that day. I suspected there would be a lot of interest out there in farm country. By the next morning the video had 7,385 views.

Machinery Pete: Timing Bucks the Trend of Auction Type

By Greg Peterson, Machinery Pete posted on April 19, 2017 | Posted in Used Equipment Remarketing

I’m sure too it’s no surprise to you hear me say that over nearly 3 decades tracking auction sale price data I’ve found “farm” auctions tend to produce the strongest sale prices. This makes sense.

Machinery Pete: 2 Trends to Watch in March

By Greg Peterson, Machinery Pete posted on March 3, 2017 | Posted in Used Equipment Remarketing

Trends with used farm equipment values are always top of mind with me as I pour through the different types of data (auction price data, dealer listing price data, search traffic data) our Machinery Pete business churns out daily. There are two trends I want to pull forward and touch on here with you as the calendar flips to March 2017.

Machinery Pete: Evidence of Steady Demand for Hay & Forage Equipment

By Greg Peterson, Machinery Pete posted on February 19, 2017 | Posted in Used Equipment Remarketing

The auction price caught my eye as soon as I saw it: $39,000 for the 2013 John Deere 569 round baler on a Nov. 3, 2016, farm auction in central North Dakota.

Machinery Pete: Not Everything is Green or Red

By Greg Peterson, Machinery Pete posted on January 4, 2017 | Posted in Used Equipment Remarketing

John Deere and Case IH are dominant players in farm equipment, but it’s a big wide world out there, with every color of the rainbow equipment selling daily all across North America.

Machinery Pete: A Sale That Sets the Market

By Greg Peterson, Machinery Pete posted on December 7, 2016

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.

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

By Greg Peterson, Machinery Pete posted on November 14, 2016

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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Used Equipment: Market Values & Trends
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