Machinery Pete talks COVID-19 virus and the immense impact on the farm auction industry

Show Notes

Machinery Pete talks about the COVID-19 virus and the immense impact on the farm auction industry. Pete walks us through the past week day by day as auction firms dealt with unprecedented challenges and rose to meet them to serve both buyer and seller. Pete interviews auctioneers Dan Sullivan with Sullivan Auctioneers (IL) and Allen Henslin with Henslin Auctions (MN) about what the past week has been like. Pete also comments on how used farm equipment values held up over this challenging week.

• [:30] - Impact of Coronavirus on auction market
• [2:00] - March 11 - right before the world changed
• [11:00] - Updates on auctions moving online
• [20:31] - Interview with Dan Sullivan begins
• [26:10] - Dan previews upcoming sales
• [28:53] - Allen Henslin interview begins
• [30:20] - Henslin’s upcoming sales
• [32:10] - How are the crowds at auctions?
• [40:10] - 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.

If you'd like to receive new episodes as they're published, please subscribe to the Machinery Pete Podcast in Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.

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