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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:

Words of Wisdom Remembered From Interview with 97-Year-Old Farm Equipment Dealer 10 Years Ago Feb 23, 2021

Show notes

Machinery Pete shares his memories from, as well as the full interview he did 10 years ago this month (Feb. 2011) in Wyoming, IL with then 97-year-old Joe Colgan. Joe got into the farm equipment biz in 1933, went to work for John Deere in 1937 and became a John Deere dealer in 1947. Joe Colgan passed 4/28/15 at the age of 101, but his words of wisdom still hold true today.

[:28] - Machinery Pete shares some notes on the used equipment market
[3:20] - The passing of time, intro of today’s interview
[8:53] - Interview with Tim and Joe Colgan begins
[13:43] - The early years of Joe’s career and getting into the dealership business
[15:02] - Joe’s book of tractor sales
[18:30] - Tim’s career story and changes he and Joe saw in selling farm equipment over the years
[25:17] - Stories of Joe’s customers
[30:34] - Joe talks retirement and if he could be a dealer in the modern day
[41:45] - Obsolete corn pickers, yearly auctions and trading horses
[47:00] - On the road to Deere dealers
[52:30] - How Joe and Majella Colgan raised a successful family
[56:20] - Brothers Tim and Andy recall their upbringing and Joe’s wife Majella joins the conversation
[59:58] - 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.

Emotions of Your Farm Retirement Auction - Before, During and After Feb 02, 2021

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.

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.

Vermeer - 50 Year Anniversary of Invention of Large Round Baler Jan 08, 2021

Show notes

50 years ago this week, on January 6, 1971, Vermeer Corp. of Pella, IA introduced the first large round baler to the ag industry. Pete talks with Jason Andringa, President/CEO of Vermeer and also grandson of company founder (founded 1948) Gary Vermeer about how the large round baler came to be. Pete, Andringa and Mark Core, Exec. VP, also talk about how Vermeer has handled the pandemic as well as how the company rebounded from the devastating 2018 tornado at their Pella, IA factory.

[:30] - Machinery Pete gets right into today’s topic: Vermeer
[2:03] - 2020’s hot used equipment market
[5:27] - Interview with Jason and Mark begins
[6:05] - How Vermeer got started
[7:28] - Iconic invention of large round baler
[14:44] - Gary Vermeer the problem solver
[18:48] - Vermeer’s role in underground infrastructure
[22:03] - Family owned business and long term vision
[24:40] - Working through the pandemic and meeting demand in 2021
[31:00] - Tornado in Pella
[40:00] - The self-propelled baler
[42:29] - 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.

Dealer Pays -1% Interest (They Pay You!) To Farmers Buying Used Combines in Unique New Program Nov 25, 2020

Show notes

Machinery Pete talks with Kurt Miller, Director of Used Equipment for Heritage Tractor, a 21-store John Deere dealership in MO, AR, KS, NE and OK, about their unique new -1% Finance Program (They Pay You!) on any of 65 used combines they have for sale. Since the program started three weeks ago, they've already sold 22 combines. Pete and Kurt also talk about the latest trends in the farm equipment market through the crazy year of 2020. Pete ends the episode with a shout-out to an inspirational hero of his, a Minnesota legend, who recently passed away at the age of 100.

[:30] - Machinery Pete gives an update on what’s been happening on MPTV
[1:48] - 2020 Machinery Pete Thanksgiving Cyber Sale
[2:33] - Preview of interview with Kurt Miller
[4:45] - Conversation with Kurt begins
[6:20] - Heritage Tractor’s equipment in the Cyber Sale
[7:12] - Negative interest promo on combines
[20:50] - Used equipment trends in 2020
[28:35] - How did Kurt get into the farm equipment business?
[31:15] - Advice for young people getting into the business
[33:37] - Crossfit and health
[38:17] - Heart of Heritage
[43:49] - Final words from Machinery Pete, Sid Hartman Tribute, Thanksgiving words of wisdom

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.

Young Nebraska Man's Tractor Drawing Business Taking Off Oct 15, 2020

Show notes

Micah Moulin of Adams, NE is a busy young man with a full time job and a cool growing business, "Moulin Farm Art and Repair." His unique pencil drawings (now paint as well) of tractors, trucks and farm scenes have caught on in a big way with special commission orders coming in from around the country. Hear how it all got started for Micah and where his passion for drawing comes from.

[2:30] - Machinery Pete sets up his conversation with Micah Moulin
[6:12] - Interview with Micah begins
[7:15] - Micah buys back his grandfather’s old 986 tractor and restores it
[11:10] - The Moulins’ farming background
[15:35] - Working on the family to working for Crane Sales & Service
[22:20] - Micha’s drawings and paintings
[32:58] - Balancing work, life and art
[42:01] - 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.

1971 IHC 1066 Tractor sold at auction last week for $86,100 (1st one made!), Pete talks the collector tractor market with auctioneer Kurt Aumann Sep 28, 2020

Show notes

Machinery Pete and auctioneer Kurt Aumann with Aumann Vintage Power of Nokomis, IL discuss the collector tractor market, including the 1971 IHC 1066 (1st one made!) with 2,993 original hours Aumann sold it for a new record price of $86,100 on a 9/22/20 collector auction in Iowa. Aumann tells stories on the following record price setting tractors he's sold over the years (IHC 1468 for $52,000 in Kansas in 2017; John Deere 4000 gas Power Shift for $82,500 in Minnesota in 2015; Oliver 2255 FWA for $56,700 in Illinois this year.

[:35] - Machinery Pete previews his conversation with Kurt Aumann
[3:37] - Interview with Kurt begins
[4:55] - Unbelievable new sale record set for the IHC 1066
[7:21] - What Kurt was hoping to sell for and the reaction to the high price
[10:21] - Where did the tractor go?
[12:06] - Memories of some of Kurt’s top tractors sold
[25:30] - Following the data on antique and hobby tractors
[31:48] - How will we look back on today’s tractors in the future?
[36:43] - Kurt’s start in the auction business
[40:05] - Live auctions in 2020
[50:00] - Upcoming Aumann Auctions
[57:55] - 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.

1992 John Deere 4760 with 3.6 Hours and 1988 John Deere 4450 with 256 Hours on 10/28/20 Auction in Saskatchewan. Story on the tractors Sep 10, 2020

Show notes

Machinery Pete gets the scoop on the story behind the 1992 John Deere 4760 tractor with only 3.6 actual hours on the Raptor Enterprises auction October 28, 2020 in Speers, SK by Ritchie Bros. Auctioneers. Also, a 1988 John Deere 4450 2WD with only 256 hours is on this sale. Pete talks with Brendan Kramer, Territory Manager with Ritchie Bros., to get the story behind these tractors + other barn finds on this auction, with why and how the equipment has hardly any hours.

[:35] - Machinery Pete tees up the episode’s topic and interview
[1:00] - Farm Journal Field Days, Machinery Pete Pavilion still available to view
[2:35] - about Raptor Enterprises
[5:20] - Interview with Brendan Kramer begins
[7:00] - How the auction came to be
[8:15] - The main attractions of the sale
[13:55] - Brendan’s experience in auctions
[16:18] - Interesting finds in the estate purchased by Raptor Enterprises
[25:38] - How to view the equipment, no extra fees and how to bid
[34:07] - 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.

Auction Price Data Now FREE at MachineryPete.com + Big Ohio Dealer Auction Aug 11, 2020

Show notes

Machinery Pete talks about the big announcement last week about making the Auction Price Data FREE at www.MachineryPete.com. Over 726,000 sale prices on ALL types of farm and construction equipment, updated daily. Pete also spotlights an upcoming market-setting auction for used Combines, the August 17, 2020 absolute online dealer inventory reduction auction for Ag-Pro John Deere dealership locations in Ohio, over 40 Combines on this auction.

[:30] - Machinery Pete teases interview
[:58] - Farm Journal Field Days, Machinery Pete Pavilion
[3:20] - Register for Farm Journal Field Days here: https://www.farmjournalfielddays.com/register/
[4:54] - Ag-Pro Auction with Sullivan Auctioneers
[7:00] - Interview with Ted Miller begins
[8:00] - Discussion about included inventory and service
[13:30] - How to register and bid in the auction
[15:47] - Machinery Pete’s Auction Price Database - no more paywall
[17:30] - How Machinery Pete started his business
[21:55] - Tips on using the database
[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.

Iowa Farmer Jeff Ryan, aka "Guy No. 2" - Survived Brain Surgery Awake on the Table to Become Loved Ag Writer Jul 23, 2020

Show notes

Pete talks with his friend Jeff Ryan, farmer/writer from Cresco, IA. Ryan is known as "Guy No. 2" for his long-time online blog/columns about life and farming in northeast Iowa, always with a humorist slant that brings a smile. Or a tear. Ryan tells Pete about overcoming the Essential Tremor he grew up with and how an incredible brain surgery in 1998 - while he was awake on the table, changed his life. Guy No. 2 has been known to drive his yellow dune buggy on Christmas Day around Cresco, IA....snow or no snow

[:40] - Live auctions are happening again!
[3:00] - Machinery Pete sets up interview with Jeff Ryan
[4:25] - Interview with Jeff begins
[9:45] - Jeff’s writing background
[15:00] - Longform storytelling approach
[16:54] - Growing up with Essential Tremor
[24:48] - Jeff undergoes brain surgery
[29:35] - Recovery from surgery
[32:05] - Speaking to Medtronic leadership
[37:24] - The “Penny Story”
[42:14] - Stories about Ada Austin “The Goat Woman” and Mark Pearson
[47:12] - The yellow dune buggy
[57:33] - What do you love about farming?
[1:00:45] - 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.

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.

Huge Sinclair Tractor Online Dealer Auction 6/30/20 Jul 09, 2020

Show notes

Machinery Pete talks with Bob Sinclair, owner of Sinclair Tractor, and auctioneer Dan Sullivan with Sullivan Auctioneers about Sinclair Tractor's huge absolute online dealer auction in southeast Iowa on June 30, 2020 that featured 80+ late model farm equipment items, including 20 John Deere S680 combines. Pete also touches on some eye-opening latest search traffic stats and sales data on smaller HP tractors, ATVS/UTVS and garden tractors, way UP due to the COVID-19 pandemic.

[:42] - Machinery Pete teases the conversation with Bob and Dan
[1:59] - Interesting farm equipment trends as a result of the pandemic
[8:45] - Recent online auction sale prices
[10:28] - Interview with Bob and Dan begins
[15:56] - Auction was a great opportunity at high-quality used equipment
[19:09] - About the bidders - from all over the world
[26:20] - Importance of reputation for successful auction
[33:18] - 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.

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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