Machinery Pete Podcast

Machinery Pete talks with Jake Bryce, Co-Founder of Machinery Scope (www.MachineryScope.com) in Alexandria, MN about the new partnership between Machinery Pete and Machinery Scope and also about Machinery Scope’s growth over the past 11 years since founding in 2013. Family owned business. Bryce brings his deep farming roots along with extensive experience on the farm equipment dealer side to bear in creating needed extended warranty options via Machinery Scope for dealers and farmers. Pete and Jake also talk in depth about the current used farm equipment market.

  • [:35] - Machinery Pete previews today’s guest
  • [3:56] - Interview with Jake Bryce begins
  • [6:07] - Jake shares his farming background and about his years working on the dealer side
  • [8:35] - Jake explains the new partnership with Machinery Pete and how Machinery Scope works
  • [13:45] - Why risk management is important for equipment
  • [18:38] - Analysis and trends of the used equipment and auction markets
  • [24:00] - The value of having a warranty
  • [30:45] - How will the rest of 2024 play out?
  • [40:15] - Challenges of rising costs and high interest rates
  • [55:28] - Well-kept machinery sells best
  • [1:06:18] - 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