Machinery Pete Podcast

When we hear about an older tractor with very low-hours – the first thing we wonder is what’s the back story? On today’s episode of the Machinery Pete Podcast, Machinery Pete is sharing his favorite low-hour tractor stories he’s come across over the last 30 years.

Show Notes

November 2019 marks the 30-year anniversary that Greg Peterson, better known as Machinery Pete, began collecting auction prices of farming equipment being sold all over North America. 

We look back on the history behind why some of these tractors were hardly used, how their value grew over time and what ended up happening to them after being sold at auction. 
  • [03:15] – Stories of John Deere 4450 and 4455 tractors sold at auctions
  • [16:35] - March 6, 2009 - How a trip to an auction inspired Machinery Pete to start using social media
  • [28:15] - A potential buyer from Canada travels to New York with a briefcase of cash to try to swoop in on an already-sold tractor
  • [30:00] - How Machinery Pete finds these stories on old low-hour tractors
  • [45:45] - A thank you to auctioneers

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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What is Machinery Pete Podcast?

Welcome to the Machinery Pete Podcast hosted by Greg Peterson, known to the industry as Machinery Pete. For over 30 years, Greg has been a trusted source of knowledge in the farming equipment industry. Starting with a gut feeling, Greg set off to bring more and better data to the agriculture space. He’s been a voice you can trust, no matter where you’re listening or reading.

In this podcast, Greg will be sharing stories and conversations from around the industry. The kinds of conversations that are longer and more meaningful than just a few soundbites. He’ll be adding context and color to stories from good people that make up the agriculture space. He’ll also be sharing the types of insights, trends, farming news and used farm equipment values from around the country that you’ve come to expect from him.

Founded in 1989 by Greg Peterson, Machinery Pete has come a long way since its beginnings in Greg Peterson’s home office in Rochester, Minnesota where he passionately researched, tracked and reported on auction prices. In 2014 Farm Journal and Machinery Pete partnered to provide a more efficient marketplace for buying and selling used ag equipment.


In July of 2015, MachineryPete.com launched its marketplace with leading-edge marketing solutions for dealers, informed and built with the online equipment shopper in mind and creates meaningful connections between buyers and sellers. The company is headquartered in Chicago, IL.

You can find out more at https://www.machinerypete.com/podcasts