In this episode of Moving Iron, Casey Seymour is joined by Greg “Machinery Pete” Peterson to break down the rapidly shifting dynamics of the used agricultural equipment market. From dramatic declines in late-model auction volumes to changing pressure points between dealers and farmers, the data tells a powerful story about where the market has been—and where it’s heading.

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In this episode, Casey and Greg dig into why the used farm equipment market is proving far more resilient than expected, with older machines holding strong at auction while new equipment continues to take heavy depreciation hits. They break down how weather, market pressure, and operational pivots are reshaping auction lineups — including the surprising influx of low-hour, late-model equipment as farms restructure and shift focus.

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In this episode of Moving Iron, Casey Seymour and Greg Peterson break down the shifting dynamics shaping the ag equipment marketplace—and why 2026 could mark a major turning point. From surprising strength in auction values to unprecedented shortages in combines, the market is behaving in ways few expected. Casey outlines signals pointing to stabilization in supply, demand, and pricing, while Greg shares eye-opening auction results, including record-setting prices for older John Deere tractors. Together, they explore how buyer behavior is evolving as farmers adapt to high new-equipment costs by extending machine life, prioritizing quality, and leaning into well-maintained older iron.

See omnystudio.com/listener for privacy information.