Greg Peterson

Three recent farm auctions in Kentucky, Missouri and Iowa provide perfect examples of how supply is rising yet prices are still strong for used tractors, particularly pre-DEF, pre-Tier IV models in good condition.

The price of new machinery pulls up on the price of used equipment - but this effect is quickening.

Times are different, which means trying to predict how used farm equipment values will behave coming out of a strong up cycle into a slower, tighter period in the ag economy is dangerous.

Record Auction Prices Stack Up For 140-hp to 160-hp Tractors

When comparing 2023 to 2022, the average auction price for a John Deere S780 combine dropped $54,977, or 15.8%. How low will that number go?

Machinery Pete Uncovers Unique Pattern With Late-Model Planters

Machinery Pete says going the online auction route has tangible implications if you're looking to sell a piece of equipment (or five) to manage cash flow.

You run it for a few years and then voila — you have the low-hour, 10-year-old unit everyone wants.

Despite concerns over rising costs and current economic challenges in agriculture, the market for used equipment remains strong, particularly for older, simpler models.

Digging into his data, the average auction prices for Case IH Magnum 290 and John Deere 8285R tractors are both down 34% this year versus last year.