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    MACHINERY PETE REPORTS USED FARM EQUIPMENT PRICES CONTINUE TO CLIMB
    by AgDay TV

    Are used equipment prices showing any signs of cooling off? Greg Peterson, founder of Machinery Pete, says: No way.

    "I've been watching this market go higher and higher by the month - for the last 18 months," Peterson says. "Now we're coming into the hottest time of year for machinery."

    Peterson points to these two recent mind-boggling auction results:

    *A 1993 Case IH 7130 sold for $75,750 at an online auction in Emerson, Neb., on Nov. 16. That's a record high (clipping a record from almost 10 years ago).

    *A 2010 John Deere 7930 sold for $170,000 at an auction in Waverly, Iowa, on Nov. 16. That's a record-high auction price.

    *A 2017 John Deere 9570RX sold for $531,000 at an online farm auction in Emery, S.D. on Nov. 17. That's the second-highest auction price Peterson has ever seen on a modern farm tractor.


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