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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

Copyright: © 2019 Farm Journal Media

Latest Episodes:

Machinery Pete Conversation with John Phipps, well-known Ag Broadcaster/Writer/Farmer Dec 17, 2021

Show notes

Pete gives update on the red-hot farm equipment market and then welcomes guest John Phipps, former host of US Farm Report TV show and current eastern Illinois farmer and columnist/contributor to Farm Journal, Top Producer, AgWeb.com, to the podcast for a fun wide-ranging conversation including what to do about China, the supply chain issue, the issue of small rural farming communities pulling apart and what can be done, and a look into John’s Engineering roots and early days as a Nuclear Energy Officer on the USS Seahorse fast attack submarine.

[:46] - Market update
[10:20] - Intro of today’s guest
[12:01] - Interview with John Phipps begins
[16:33] - John’s engineering background
[32:04] - The change of rural culture
[44:40] - How to be optimistic about the future
[1:02:05] - Flow of cash and inventory, online auctions
[1:12:37] - Supply chain issues
[1:15:47] - Thoughts on China
[1:33:00] - Kurt Miller on 1973 John Deere 4430
[1:36:10] - 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.

Erin Holbert: Young Indiana Woman Returns to Family Farm – Builds Her Own Brand/Biz Dec 03, 2021

Show notes

Machinery Pete stops in Dana, IN to interview Erin Holbert on the family farm she returned to a couple of years ago. From the cab of their John Deere 8420 tractor back in October 2019 Holbert created her own online clothing store, “Heart of the Midwest”, which has grown rapidly. Holbert proceeded in short order to build massive social media and Youtube followings, now with nearly 60,000 Youtube subscribers. Impressive American entrepreneurial spirit at work in the heartland.

[:33] - Preview of conversation with Erin Holbert
[3:34] - Interview begins
[4:22] - Erin’s background growing up on a farm
[7:19] - Balancing her business with farming and favorite shirt designs
[13:32] - Social media success
[16:50] - Helping baby raccoons
[19:39] - Sprayer tire accident story
[25:20] - Erin’s love of writing and creating cooking videos
[33:15] - 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.

Alan Hoskins – President of American Farm Mortgage & Financial Services Nov 23, 2021

Show notes

Pete talks with his friend made on the auction trail years ago, Alan Hoskins, President of American Farm Mortgage & Financial Services. Pete and Alan talk about current challenges and opportunities in farm country, including tips and advice for young folks looking to get into farming, ag lending or any new career. Pete and Alan have an in depth talk about the Power of Listening.

[:50] - Today’s topic - listening and preview of Alan Hoskins
[7:07] - Interview begins
[10:23] - What Alan loves about his job
[19:06] - Pride in farming
[27:20] - Alan’s first John Deere tractor and sale
[33:33] - Ag market concerns
[47:15] - Advice to young people about ag lending industry
[1:02:30] - 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.

New Book “Tractor Wars – John Deere, Henry Ford, International Harvester and the Birth of American Agriculture” Nov 09, 2021

Show notes

Machinery Pete interviews Neil Dahlstrom, Manager of Archives and History for John Deere about his new book, “Tractor Wars – John Deere, Henry Ford, International Harvester and the Birth of American Agriculture.” Dahlstrom shares fascinating stories from the period 100+ years ago on the race for dominance and relevance in the burgeoning new American market for farm tractors. Pete also provides a recap of a November 6, 2021 farm retirement he filmed for his TV show in Keymar, MD….according to Pete “The Hottest Auction I’ve Seen in my 32 Years.”

[:35] - Machinery Pete teases this episode’s interview
[2:10] - McGrew Auction recap
[7:46] - Interview with Neil Dahlstrom begins
[10:17] - Early life, growing up near Deere archive building
[13:04] - About the new book
[15:03] - History of Ford, International Harvester and Deere Tractors
[26:18] - Advent of the small tractor
[36:58] - Tractor market in 1925
[49:08] - Relating computer advancements to tractors and “what if?s”
[53:12] - Where to buy the book
[54:08] - 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.

Consolidation in Farm Auction Industry Nov 02, 2021

Show notes

Machinery Pete highlights the growing trend of consolidation in the farm auction industry and talks with Dan Sullivan and Allen Henslin about Sullivan Auctioneers (Illinois) recent acquisition of Henslin Auctions, Inc. of Minnesota. Pete also touches on consolidation in the farm equipment dealer sector.

[:33] - Machinery Pete farm equipment market update
[4:44] - Today’s topic - consolidation in the ag sector
[9:35] - Conversation with Allen Henslin and Dan Sullivan begins
[10:17] - Merger between Henslin and Sullivan Auctions
[12:11] - Dan Sullivan excited about acquisition - family-oriented businesses
[15:08] - Why merger was the right fit for Henslin
[19:21] - Sullivan Quarterly Booklet
[29:45] - Detail-oriented auction companies with strong teams
[34:22] - End of year outlook
[40:19] - Closing remarks from Dan and Allen
[43:00] - 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.

Machinery Pete Equipment Market Update: On Fire Year-End 2021 Oct 12, 2021

Show notes

Machinery Pete talks through the historic year 2021 has been in the farm equipment market, providing key examples that spotlight the trend of RISING used values and the why behind rising values. A tribute to Brice Volker at the end of the episode. Volker, from Auburn, Neb., passed away 10/2/21 at age 38 suddenly and unexpectedly. Volker was deeply connected in the farm equipment world online and in farm circles and in the auction industry.

[:40] - Machinery Pete teases the market update in used values
[5:36] - Buy quickly if you need something - 2007 equipment availability issues.
[6:05] - Hot market of 2015.
[8:54] - 2021 market heat-up
[10:15] - There has never been a better time to sell good used equipment.
[15:30] - Market update - summer 2021 auction prices
[26:13] - Continued spikes and record breaking prices
[35:08] - Buckle up for wild finish to 2021
[38:29] - Tribute to Brice Volker

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.

Easton Halverson's 1966 Oliver 1950 FWA Tractor - Grand Champion at '21 Iowa State Fair Annual FFA Restoration Competition Sep 09, 2021

Show notes

Story of Easton Halverson of Claremont, IA - now two-time Grand Champion of Iowa State Fair Annual FFA Tractor Restoration Competition. Halverson just won the '21 competition with his beautiful 1966 Oliver 1950 FWA, which is now for sale to help pay for medical school for Easton: https://www.machinerypete.com/details/100-174-hp/1966/oliver/1950/20412162

He also took top honors in 2019 with his restored 1966 Oliver 1850 2WD.

[:40] - Machinery Pete talks about the launch of monthly online auctions
[1:48] - Interview preview
[4:19] - Conversation with Easton Halverson begins
[5:48] - Recalling their first meeting
[8:51] - Why Easton got into the medical field
[11:25] - The ‘66 Oliver 1950 Grand Champion and its restoration
[24:44] - What was most challenging about the restoration
[28:27] - Learning to restore Oliver tractors
[39:09] - Preparation for State Fair
[51:57] - Easton’s experience with the FFA high school program
[1:00:38] - Oliver 1950 FOR SALE
[1:09:12] - 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.

Carson Kahler - 20-Year-Old Ag Youtube Star - 6th Gen Farmer Jun 09, 2021

Show notes

Machinery Pete talks with 20-year-old ag Youtube star Carson Kahler who has nearly 11,000 subscribers to his "6th Gen Farmer" Youtube channel which he started 3 years ago. Kahler will be a Senior this Fall at South Dakota State University studying multiple Ag Programs and is a Sales intern this summer with C&B Operations at their Jackson, MN store location.

[:58] - Machinery Pete sets up this episode’s topic and interview
[4:46] - Interview with Carson Kahler begins
[7:18] - Carson’s early years in farming and starting his YouTube channel
[11:44] - How do you find time to create and post videos?
[13:27] - TikTok
[18:35] - Importance of communicating farming on social media
[21:07] - C&B Operations internship
[27:54] - Advice to businesses on social media
[31:40] - Owning up to a mistake
[47:05] - 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.

Illinois Man Starting Truck & Tractor Show in His Hometown + Market Report From Pete May 05, 2021

Show notes

Machinery Pete gives an update on the farm equipment market (on fire) + cool story of an Illinois man working to start up a new Truck & Tractor Show in his hometown of Neponset, IL. The event is scheduled for June 26, 2021.

[:30] - Machinery Pete teases today’s interview
[3:08] - Used values continue to go up, what that means for now + the future
[12:18] - Interview with Rodney Benett begins
[13:45] - The idea behind the Truck & Tractor Show
[15:55] - How to reach out and get involved with the show
[17:28] - Why include trucks in the show?
[20:38] - How Rodney and his friend saved the Neponset Legion
[27:20] - Rodney’s motivation behind the show, life in Neponset and what he’ll display
[39:20] - 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.

Thad Shively Reflects on Career in Farm Equipment Dealer Biz Mar 25, 2021

Show notes

Machinery Pete talks with Thad Shively, Dir. of Pre-Owned Inventory for C&B Operations, a 37-store John Deere dealership with stores in MN, IA, SD, WY, MT and ID. Shively is retiring in April '21 after a lifetime in the farm equipment dealer biz. Thad and Pete talk about the current farm equipment market, trends and cycles over the decades, where the farm equipment has been and where it’s headed. Shively also shares his key takeaways/truths from 30+ years in the farm equipment biz and shares his advice to young folks hoping to work someday for a farm equipment dealership.

[:28] - Machinery Pete teases the episode’s interview with Thad Shively
[2:15] - Used equipment market update - strong prices from the latest auctions
[7:59] - Interview with Thad begins
[9:36] - The history of C&B Operations and Thad’s start in the business
[16:20] - Evolving technology and selling equipment
[21:30] - What the farm equipment business was like during the ethanol push
[28:50] - Working through the pandemic
[34:15] - Thad’s family and farm equipment
[40:21] - Advice for those getting into the farm equipment business
[49:43] - Parting words from Thad as he heads into retirement
[52:34] - Closing thoughts 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.

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