When Will The Other Shoe Drop? Machinery Pete on Future of Used Farm Equipment Values

Machinery Pete has been asked a growing number of times throughout 2022, “Pete, when will the other shoe drop with used equipment values and how far will they fall?” Pete tackles this question head-on diving deep into multiple sources of market data and relevant anecdotal stories and comes out with an answer that will surprise many if not most in the ag space.

• [1:11] - Machinery Pete’s intro - “When will the next shoe drop?”
• [3:55] - Iowa farmers sell Peterbilts for more than what they paid new
• [8:01] - Ritter Cox anecdote on equipment wait times, high prices
• [10:58] - The shoe can’t drop - times are different now
• [17:31] - Larger dealerships’ approach to the market
• [20:01] - The pandemic’s impact on the ag equipment market
• [23:20] - What’s ahead with this market and what should the farmer do?
• [35:27] - Record prices of the last two months
• [46:52] - 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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