Machinery Pete
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Greg Peterson is an American businessman and founder of Machinery Pete, a company that serves as a marketplace for used farm equipment.
Biography
Peterson grew up in Benson, Minnesota, and attended Gustavus Adolphus College in St. Peter, Minnesota. He started Machinery Pete in 1989 out of his basement in Rochester, Minnesota, buying a small company for $2,600[1] that had a subscription service for prices following auction prices. A traditional book mailed out four times a year to a customer base before the age of the Internet. Later, Machinery Pete used computers to compile Used Values Index reports. These reports painted a larger and more complete picture of the value of farm and construction equipment.
Machinery Pete launched his website machinerypete.com, followed by a Facebook page for a global audience. For the last 25 plus years, "Machinery Pete" has been covering farm equipment auctions for various industry magazines and trade journals.[2] He is now an expert on data within researching and tracking[2] machinery auction prices since 1989. He has expertise helping farmers and dealers to look at and estimate the value of used farm equipment and its real value at auction.[3]
References
- ↑ Fish, Noah (October 3, 2019). "30 years later, Machinery Pete still the most trusted name in farm equipment". Post-Bulletin.
- ↑ 2.0 2.1 Machinery Pete (June 16, 2010). "Machinery Pete: Record Prices On Nebraska Auction". Successful Farming.
- ↑ Deaux, Joe (November 13, 2021). "Wild Bidding Wars Erupt at Used-Tractor Auctions Across the U.S." Bloomberg News.
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