Machinery Pete is seeing equipment market trends he’s never seen before. Used values are rising as new sales fall. What’s ...

A huge crowd of farmers and collectors descended on Paris, Missouri, over the weekend for Wheeler Auctions and Real Estate’s annual July equipment auction featuring over 1,300 used equipment sales.

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 ...