Machinery Pete Advice to Young Farmers + News of New Auction Company – Merit Auctions

Machinery Pete looks back over his 33+ year career and pulls together his best tips and advice to young farmers. Pete also talks with Zach Hiner, Jim Huff and John Probasco with the new auction firm Merit Auctions of Fort Madison, IA. Hiner, Huff and Probasco have over 100 years experience in the auction biz. They already have 10 auctions on the books, including a huge Feb. 28, 2023 online sale for Ag Pro, a large John Deere dealer in Ohio, Georgia and the southeast U.S.

• [:40] - Machinery Pete’s intro, episode topics
• [3:20] - Equipment market update
• [6:23] - Recent auction recaps
• [11:55] - Advice for young farmers: theory of opposites, eye contact
• [29:44] - Buying opportunity in tough market, Rule of 12
• [38:25] - Interview with Zach, Jim and John begins
• [42:53] - Upcoming sale closing Feb. 28
• [51:33] - Market advice from the Zach, Jim and John
• [1:06] - Final words from Machinery Pete

Machinery Pete was founded in 1989 and has grown from its humble beginnings to a full-fledged marketplace for farming equipment. Greg Peterson, founder and host, has also released Machinery Pete content across platforms including YouTube with his long-running Machinery Pete TV show.

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