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 Farm-Equipment.com regularly in a column titled "Used Equipment: Market Value & Trends."

ARTICLES

Greg Peterson

Machinery Pete: The Future in One Word

Plastics were the one word future in 1967. Here in 2016 the one word future is drones. This is true even when it comes to the used farm equipment biz. For more than 3 years now I’ve been talking and writing quite a lot on the subject of “personalizing” the used equipment you are trying to sell to make it worth more money to potential buyers.
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Greg Peterson
Used Equipment: Market Values & Trends

Machinery Pete: How and When to Move Your Excess Used Inventory

What I’m hearing: Negative vibes from folks all over, batten down the hatches, don’t feel like buying. What I’m seeing: In January and February 2016 there were very strong auction sale prices on good condition used farm equipment all over and many dealers aggressively cranking down used inventory levels. Stuff is moving.
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Farm Equipment

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