Machinery Pete Podcast

Machinery Pete talks with Marshalltown, IA farmer David McCubbin about his online farm retirement auction on December 16, 2020. Pete and David talk about the emotions and planning involved from start to finish and beyond the sale....how does it feel when all the machinery is gone and your shed is empty?

Show Notes

Machinery Pete talks with Marshalltown, IA farmer David McCubbin about his online farm retirement auction on December 16, 2020. Pete and David talk about the emotions and planning involved from start to finish and beyond the sale....how does it feel when all the machinery is gone and your shed is empty?
  • [:45] - Machinery Pete sets up today’s topic - retirement auctions
  • [2:13] - The shift away from auctions’ negative connotations
  • [5:20] - Introduction of guest, David McCubbin
  • [11:52] - Interview with David begins
  • [14:25] - The decision to retire
  • [17:38] - Selling with Sullivan
  • [20:00] - Some buyers never called
  • [28:44] - Landscape of retirement sales in the future?
  • [34:57] - Most surprising items in David’s sale
  • [40:24] - “Just let it go.”
  • [45:15] - Looking ahead to retirement
  • [50:15] - “Maintain it like you’re going to keep it forever.”
  • [52:45] - 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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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