Greg Peterson

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.

Timing is everything, according to the equipment pricing trends Machinery Pete is watching.

Semi demand continues to hold strong, particularly for low-mileage, earlier emission-tier models. For example, at a retirement auction in Missouri a year ago, a 2017 Peterbilt 389 Glider day cab semi with 34,493 miles sold for $350,000.

Auction prices for used equipment were mixed, with some items selling for higher prices and others for much lower, signaling a complex 2025 outlook.

With the recent acquisition of the Moving Iron Summit, Machinery Pete reflects on the importance of building a business with teammates.

The Great White North of Minnesota has seen sub-zero temps and 30-mph wind this winter but very little snow. Machinery Pete is feeling left out, so he decided to share these cool machines that were made for the snow.