After some supercharged years, the used farm equipment market took a tumble in 2024 and farmers can expect to see a further correction in 2025. That’s the take from Greg Peterson, the man farm equipment buyers and sellers more commonly refer to as Machinery Pete. Peterson has been tracking used equipment auction prices for 35… Read More
Tag: Greg Peterson
Thanks for tuning in to this episode of RealAg on the Weekend! On this weekend’s show, host Shaun Haney discusses: The data from the January Canadian Farmer Sentiment Index survey; Greg Peterson, otherwise known as Machinery Pete, on used equipment prices and the trends he is seeing; and, A clip from a Farming Forward episode… Read More
If you love buying used farm equipment, you’re going to love what Greg “Machinery Pete” Peterson has to say about the latest trends in prices. But before you get too excited, Peterson says that while the price dynamics might have shifted to favour the buyer, it’s only a slight shift, and it certainly doesn’t cancel… Read More
Thanks for tuning into this Wednesday edition of RealAg Radio! On this episode, host Shaun Haney is joined by: Greg Peterson, otherwise known as Machinery Pete, on used equipment prices and the trends he is seeing; Justin Funk with RealAgristudies on the data from the January Canadian Farmer Sentiment Index survey; Lance Zimmerman with Rabobank… Read More
Greg Peterson, A.K.A. Machinery Pete, has been following, analyzing, and commenting on the used equipment market for decades, and even he has to admit that 2022 was surprising. Just when you couldn’t think the used market of 2021 could be topped, 2022 came along and blew it out of the water, he says in the… Read More
In this episode of RealAg LIVE!, Greg “Machinery Pete” Peterson gives us the scoop on the used machinery markets in both Canada and the U.S., as well as pricing trends, and even gets in to the more psychological side of online auction sales. Tune in weekdays at 1 pm M/3 pm E on your favourite… Read More
While year-to-date numbers from the Association of Equipment Manufacturers have been weak in terms of new equipment sales numbers, especially for 4-wheel drive tractors and combines, the used equipment market has been strong. As the cost of new equipment has soared, used machinery — even something as old as 15 plus years — has become… Read More
The sun seems to be shining across the country for this wonderful Wednesday! To make your day even better, tune into RealAg Radio. On today’s show, you’ll hear: Top ag news stories of the day with host Shaun Haney; Paul Carolan, CEO of HALO, one of the air ambulance medevac services we have in southern… Read More
As harvest continued in many areas back home, RealAg was on the road this week. Bern Tobin and TWORA host Kelvin Heppner attended the US Farm Progress Show, where Case IH and New Holland unveiled autonomous concept tractors. On this week’s podcast, Kelvin is joined by Greg Peterson, aka “Machinery Pete,” for his thoughts on… Read More
It’s not like there aren’t enough things for farmers to do at this time of year, but anybody who farms in Canada can add answering questions for the Census of Agriculture to their must-do list for the month of May. Forms for Statistics Canada’s mandatory farm survey have started arriving in a little over 200,000… Read More