Machinery Pete Podcast

Machinery Pete has been asked a growing number of times throughout 2022, “Pete, when will the other shoe drop with used equipment values and how far will they fall?” Pete tackles this question head-on diving deep into multiple sources of market data and relevant anecdotal stories and comes out with an answer that will surprise many if not most in the ag space. [1:11] - Machinery Pete’s intro - “When will the next shoe drop?” [3:55] - Iowa farmers sell Peterbilts for more than what they paid new [8:01] - Ritter Cox anecdote on equipment wait times, high prices [10:58] - The shoe can’t drop - times are different now [17:31] - Larger dealerships’ approach to the market [20:01] - The pandemic’s impact on the ag equipment market [23:20] - What’s ahead with this market and what should the farmer do? [35:27] - Record prices of the last two months [46:52] - 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. G