If you’ve been in the market for used equipment, you know it’s undergone a dramatic shift since 2023. Whether as a buyer or a seller, the prices of used equipment within the row crop sector have ...

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?

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.

SPARTA, Ill. — Greg Peterson, the used farm equipment guru known as Machinery Pete, has a simple answer when asked about the meteoric rise in market values in recent years. There just hasn’t been a ...