Used Equipment Market Update Early April ’25 + Jack Lyon Interview

Machinery Pete conversation with Ken Girard with Girard Auction & Land Brokers of Wakonda, SD about how he has built the auction company his late father Marv Girard started 55 Years ago in 1970 into a worldwide leading auction firm for Farm Toys, Pedal Tractors and Farm Memorabilia. Pete and Ken highlight the upcoming Jay Eudy Collector Estate Auction coming up Saturday, May 3 in Wakonda, SD featuring 100 Pedal Tractors and 200+ Farm Toys. Fascinating story about Jay Eudy and his connection to the Ag world

Machinery Pete talks through update on current used farm equipment market with lot of eye opening fresh examples from the auction front. Early ’25 has provided a very surprising market adjustment. Pete also gets monthly update from Jack Lyon with Alex Lyon & Son Auctions, largest family owned auction company in the world, on very latest in the used construction equipment market

With the 2025 Major League Baseball season kicking off this week Machinery Pete shares the very timely tale from 70+ years ago of a young farm boy from Ney, OH who went on to become a Major League Baseball star, winning 20 Games as a pitcher for the 1951 St. Louis Browns who lost 102 games that year. After his baseball career Garver returned to Ney, OH and lived a quiet yet very involved life in his hometown. Story told by Dean Jackson who became a lifelong friend of Garver Greg.

Machinery Pete heads to Cadiz, KY to talk with Micheal Oliver of Wlidcat Chevrolet. Micheal is a former John Deere dealer that transferred over to the automobile industry. If you'd like to receive new episodes as they're published, please subscribe to the Machinery Pete Podcast on 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 helps others find the show.

Machinery Pete provides his take on the used equipment market at the end of 2024 and into early 2025 to open this episode. He then welcomes in feature guests Alex and Gina Kerr with Kerr Equipment/Kerr Auction of Mt. Sterling, IL. The Kerrs’ 12 year old daughter Kay Kerr joins the conversation. Alex and Gina started Kerr Auction mid ‘24 and have already grown it exponentially to a three-state footprint with the original site in Mt. Sterling, IL as well as Alma Center, WI and Torrington, WY. Kerr Auction is also planning expansion into Pennsylvania. The Kerrs are passionate about farming, farm equipment and the auction biz. www.KerrAuction.com   www.KerrEQ.com[:34] - Machinery Pete gives a market update for the last two months of 2024[9:30] - Pete recaps his travels to November and December auctions[25:05] - Interview with Alex, Gina and Kay Kerr begins[30:38] - On the Kerrs’ backgrounds and how they started their business[41:11] - How auctions can be a whirlwind and remembering that it’s ok to ask for help[50:35] - Upcoming Kerr auctions[59:50] - Driving force behind starting their auction business[1:09:10] - Kay’s favorite tractor[1:15:50] - Final words from Machinery PeteMachinery Pete was founded in 1989 and has grown from 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 on 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 helps others find the show. 

Machinery Pete talks about the power of listening and how it helped him both on a personal development level and also as a business building tool over the past 34 years. Pete’s podcast guest, Rob Wierenga, partner with Neeralta Mfg. of Alberta, Canada also touches on how important listening to their farmer customers has been a vital component in building out the state of the art line of grain bagging/extracting equipment they provide, including grain bag loaders and grain bag extractors. Neeralta Mfg. company roots go back 40 Years to 1984.[:34] - Machinery Pete reflects on his trip to his high school reunion and previews the episode’s guest[9:58] - Interview with Rob Wierenga begins, history of Neeralta[11:52] - About the Neeralta grain bagging system[17:45] - Key to success of Neeralta: solution-based[23:56] - Grain bagging trends[28:58] - Unique innovations of Neeralta system[34:46] - Customer feedback[44:49] - Why Neeralta continues to grow[47:45] - Final words from Machinery PeteMachinery Pete was founded in 1989 and has grown from 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 on 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 helps others find the show. 

Machinery Pete talks with Jake Bryce, Co-Founder of Machinery Scope (www.MachineryScope.com) in Alexandria, MN about the new partnership between Machinery Pete and Machinery Scope and also about Machinery Scope’s growth over the past 11 years since founding in 2013. Family owned business. Bryce brings his deep farming roots along with extensive experience on the farm equipment dealer side to bear in creating needed extended warranty options via Machinery Scope for dealers and farmers. Pete and Jake also talk in depth about the current used farm equipment market.[:35] - Machinery Pete previews today’s guest[3:56] - Interview with Jake Bryce begins[6:07] - Jake shares his farming background and about his years working on the dealer side[8:35] - Jake explains the new partnership with Machinery Pete and how Machinery Scope works[13:45] - Why risk management is important for equipment[18:38] - Analysis and trends of the used equipment and auction markets[24:00] - The value of having a warranty[30:45] - How will the rest of 2024 play out?[40:15] - Challenges of rising costs and high interest rates[55:28] - Well-kept machinery sells best[1:06:18] - Final words from Machinery PeteMachinery 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. 

Machinery Pete chats with Jason Ingermanson of Solomon, KS whose beautiful line of farm equipment, including a ’22 John Deere X9 1100 combine with only 107 sep. hours, is selling on March 20, 2024 online auction by www.PurpleWave.com. Beyond the auction, we learn of the amazing growing restaurant biz Ingermanson has built since 2011, with 100 locations in 15 states with 3 strong growing brands. We also learn about how Ingermanson is giving back in a HUGE way with a program in cooperation with Kansas Wesleyan University in Salina, KS, aimed at helping motivated young people gain an actual vibrant entry way into a career farming.[:34] - Machinery Pete previews today’s guest[5:25] - Interview with Jason Ingermanson begins[6:05] - Jason’s items in March 20th sale, how he’s maintained his machinery[14:30] - Growing up and why Jason wanted to become a farmer[20:20] - How Jason got into the restaurant business[33:30] - Philosophy and process of running successful restaurants[39:07] - Advice to young people[47:48] - Initiatives to get young people into farming[1:00:30] - How to get in touch with Jason, final remarks[1:08:08] - Final words from Machinery PeteMachinery 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. 

Machinery Pete chats with Rodney Miller, host of the well-loved TV show “Small Town Big Deal” on RFD-TV and 300 other TV stations across the country. Rodney has deep farming and farm equipment roots, being from Benton, IL where he still has a farming operation. He was also a force behind the growth of Montana Tractors from $3M in annual revenue to $80M+ back in the day, before moving on to CEO position with McCormick. Rodney is a huge IHC tractor and equipment collector and shares many wonderful stories with Pete on all things Red equipment, including a Fire Truck that was actually at Ground Zero on 9/11.[:34] - Machinery Pete’s gives background on today’s guest[5:31] - Interview with Rodney Miller begins[11:46] - About Rodney’s show “Small Town Big Deal”[22:11] - The first episode, importance of telling stories of veterans[26:15] - Positivity in media[31:56] - Rodney’s tractor collection[45:09] - Growing up in Benton, IL, farm roots[1:14:02] - Final words from Machinery PeteMachinery 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. 

Machinery Pete talks fast-moving changes in the auction industry with recent notable consolidations and rapid technological advances. Pete chats with Aaron McKee, Founder/CEO of Purplewave.com, a long time leader in the online only auction space, about their big news last month (Oct. ’23) of a new partnership with Copart, Inc., a worldwide leader in the online auto auction space.[:35] - Machinery Pete’s talks consolidation [11:06] - Interview with Aaron McKee begins[11:45] - Purple Wave and CoPart’s partnership[15:25] - Finding the right sellers to work with[20:24] - Early days of Purple Wave[26:03] - Why Purple Wave believes in no-reserve auctions[34:27] - Helping people make big decisions[47:09] - How Aaron got into the auction business[59:04] - Final words from Machinery PeteMachinery 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.