Farm Machinery and Equipment Decisions | Machinery Pete | 2025 Soybean Summit

📅 Mar 27, 2025 Illinois Soybean Association 49 MIN 67 VIEWS 88 SEGMENTS · 2 SPEAKERS

Greg Peterson—better known as Machinery Pete—shares expert insights on the current state of the farm equipment market and how farmers can make informed machinery decisions in 2025 and beyond. In this session from the 2025 Soybean Summit, you’ll learn: Trends in new and used equipment pricing Factors driving buyer demand and resale value Tips for making smart machinery investments How to evaluate the right time to buy or sell 📍 Presented at the 2025 Soybean Summit 📅 February 10–11, 2025 | Champaign, IL 👤 About the Speaker: Greg Peterson is the founder of Machinery Pete and a leading authori...

Host 0:00 ↗

Up next, we're shifting gears to focus on farm machinery and equipment, a topic vital to every farmer. Joining us is none other than Greg Peterson, widely known as Machinery Pete. With over 30 years of experience covering farm equipment auctions for top industry publications, Greg has become a trusted expert and voice in the field. Please join me in welcoming Greg Peterson.

1 more exchange in this transcript

Cite this transcript

APA, MLA, BibTeX

APA

Peterson, G. (2025, March 27). Farm Machinery and Equipment Decisions | Machinery Pete | 2025 Soybean Summit [Interview transcript]. Illinois Soybean Association. CEOInterviews.AI. https://ceointerviews.ai/interview/3055211/

MLA

Greg Peterson. "Farm Machinery and Equipment Decisions | Machinery Pete | 2025 Soybean Summit." Illinois Soybean Association, 27 Mar. 2025. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/3055211/.

BibTeX

@misc{peterson2025_3055211,
  author       = {Greg Peterson},
  title        = {Farm Machinery and Equipment Decisions | Machinery Pete | 2025 Soybean Summit},
  howpublished = {Interview transcript, Illinois Soybean Association. CEOInterviews.AI},
  year         = {2025},
  month        = {mar},
  url          = {https://ceointerviews.ai/interview/3055211/},
  note         = {Speaker-attributed transcript with timestamps}
}

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Key Quotes (2)

“I think it's different this time. Some of the reasons why it's different, I've been right, you may be seen me write about this or talk about it on our TV show, the rate of turn. So last year in 2024, if we took all the zero to three-year-old equipment sold at auction and compared it to the year before in 23 and then also compared it back into a decade ago in 2014, that was year one of the biggest ”

▶ 19:23 POLICY

“I get it. 2025. It's no fun to feel like spending money, but I think I think it's the time maybe to be a bit more aggressive than you want than you think you have to be because I think one there's value and I think what's around the corner is going to be, you know, higher prices. So again, I think 25 is going to be a good time to be a buyer. One thing we're seeing though, dealers took so much out ”

▶ 30:01 POLICY

More interviews with Greg Peterson

Moving Iron: Used Equipment Demand Rises as Farmers Weigh Their Next MoveOct 23, 2026 · Farm Journal · 42 min
Farming the Countryside: Machinery Pete Isn’t a Betting Man, But He Would “Bet the House” on This TrOct 19, 2026 · Farm Journal · 25 min
Moving Iron: Moving Iron: Diesel Prices Surge as Farm Equipment Sales SlideOct 09, 2026 · Moving Iron Podcast · 40 min
Moving Iron: Rising Costs Driving Shift to Used EquipmentOct 02, 2026 · Moving Iron Podcast · 43 min
Moving Iron: Is the Ag Equipment Market Finally Turning Around?Sep 17, 2026 · Moving Iron Podcast · 44 min
Moving Iron: Equipment Prices Are Rising — Should You Buy Now?Sep 10, 2026 · Moving Iron Podcast · 43 min

All Greg Peterson transcripts →

About Greg Peterson

Greg Peterson, known as Machinery Pete, has been reporting a notable rise in used farm equipment auction prices since mid-June 2026, a trend he attributes to shrinking supplies of late-model equipment and rising commodity prices. He has cited data showing an 84% drop in one- and two-year-old units sold at auction through mid-September despite a 29% increase in the number of auctions, and he has described this market dynamic as unprecedented in his roughly 37 years of tracking prices. Peterson has stated that good-condition used equipment of all ages is trending upward in value, and he has pointed to specific examples, including record-setting sales of low-hour John Deere tractors. He has also said that, for the first time he can recall, used values are climbing while new equipment sales continue to decline, and he has advised farmers considering purchases to act proactively, as he expects prices to move higher into the end of the year. Peterson has discussed how high new equipment prices and rising diesel costs have further cemented farmer preference for the used market. He has noted that dealers, who were previously focused on clearing used lots, are now reporting that they wish they had more good used equipment. In interviews, he has attributed the market's strength to factors such as lower new equipment production cutting future used supply, and he has expressed uncertainty about how long the trend will last. He has also emphasized the importance of personal relationships and storytelling in the equipment business, drawing on his experience building his auction-price data business since 1989.

All Greg Peterson appearances → Illinois Soybean Association on YouTube →