Machinery Pete LLC

Hey, welcome back to Moving Iron.

We have caught up with our very own Machinery Pete.

Greg, hey, how's it going? [laughs] It's been another busy week of travel for you.

Yeah.

Mm-hmm.

But what you're talking about there is, whether it's a planter, a combine, or a tractor, applying the tech you want to an older machine.

And you don't need Machinery Pete to tell you that an older machine is way, way cheaper than a new machine.

The volatility discussion-wise that I'm seeing is people now in, of course, the world we live in with all the podcasts and all the farmer-

Uh, I wanted to...

Pete's Pick of the Week.

Pretty cool stuff.

2008 John Deere 7130 clears $118,000.

A recent Georgia retirement sale highlights how fierce competition for well-kept pre-dep tractors commands top dollars transcending, transcending pre-pandemic geographic price gaps.

Okay.

For Machinery's Pete's Pick of the Week, he highlights the Car- the Cason, not Carson, Cason Creek Farms retirement auction on October the 10th in Louisville, Georgia.

By Rebel Auction, uh, Company, Machinery Pete says the sale had a couple noticeable purchases.

That is Brett Waltz, BAMWX.com. All right, stay with us.

We've got a report from Greg Peterson, Machinery Pete, up next here on Agritalk.

For more than 70 years, T&L Irrigation has built systems that deliver water where and when you need it without costly downtime that can cut into yields and profits.

From day one, our focus has stayed the same.

It is Monday morning.

Greg Peterson isn't with us live, but he did leave us this report.

Hey, Machinery Peter folks.

Reporting on the road this week.

Well, join us back at, uh, 10:06 on Monday morning for AgriTalk AM.

Chip will have Machinery Pete, and then we'll be back with AgriTalk PM at 2:06 with Bray Nolan, NDSU crop specialist, and Kerry Artek, Artek Advisory.

Uh, attention now turns to Georgia, where a low hour Case IH and a Deere iron could set brand new auctions.

Rather than highlighting a single piece of equipment, uh, an entire auction earns machinery picks, pick, uh, Machinery Pete's Pick of the Week.

I'll get my puns right.

Uh, on October 2nd, Machinery Pete, uh, traveled to Southernton, Ohio for Chalker's Auction.

2011 John Deere 6430 Premium with 413 hours on it, no loader, sold for $90,000.

$1,000 shy of all time auction high.

And he plans to, uh, be in attendance of the retirement sale.

There's a 2008 John Deere 7630 with 1,300 hours on it, and a 2012 Case IH 7230 axle, uh, flow combine with 998 hours on it.

Seattle, Washington, upper 60s with low 50s for that low temperature.

[upbeat music] Well, coming up we're gonna hear from Machinery Pete, who is zeroing in on loader tractors this week, the hot prices that he saw at auction last month.

[upbeat music] Well, loader tractors are setting some new record high prices, and Machinery Pete, he has that proof.

Here he shares three examples of these rising costs.

Well, I tell you what, folks, the last two plus years or so, good used loader tractors at auction, man, prices have just been on fire.

Again, like-new, one owner.

It sold for 185,500 bucks.

If you wanna watch a video of it selling, just go to our Machinery Pete YouTube channel and you can, you can sit there with your popcorn [laughs] and be amazed.

Mark Schultz with North Star Commodity and Duane Busse with Bolt Marketing.

All right, join us back here on Monday at 10:06 for AgriTalk AM as Chip talks to Machinery Pete, and then we'll be back at 2:06 on Monday for AgriTalk PM.

Mike Zuzolo of Global Commodity Analytics is our guest analyst.

Kerry Artek has stock and technical analysis.

We had a big party in a shop in Wisconsin and it was really good.

And we got here, we regrouped a little bit and I did a podcast with Machinery Pete, my wife, daughter, and they turned it into a video.

And I didn't know anything about podcasting at the time.

It was the first time we'd ever actually done it until I found out you were turning New York Chats into podcasts.

Various dealerships participated in it.

And...

Greg, Machinery Pete, we got our first TV episode with them.

They filmed three TV shows at that sale.

Machine Repeat is giving you a look at them ahead of time.

Hey folks, Machinery Pete here reporting on the road from Louisville, Kentucky this week.

I've been down here this week at the annual Moving Iron Conference talking trends in the used equipment world and it's been a ton of fun.

Pleased to announce my next visit out will be Saturday, October 3rd, Southington, Ohio for the bi-monthly consignment auction by our good folks at Chalkers Auction and Equipment.