I’ll leave you with one last Machinery Pete thought to chew on hard. This extended dearth of new equipment sales the past 18 ...

It’s a question I’ve been asked for 30 years. Back in the early 2000s, pre-internet, we’d stand and watch a sharp, used tractor or combine sell for $200,000. We’d say, “Can these prices go any higher?

Machinery Pete Tries to Make Sense of Record-Setting Auction Prices Longtime Farmer Shares Why He’s Hesitant to Buy New Equipment Deere Dealer Hosts Young Technicians Roundtable New Tool Estimates ROI ...

Greg "Machinery Pete" Peterson said auction sales of late model used large farm equipment have soared while prices have plummeted. He talked about the state of the industry at the Big Iron Farm Show.