It’s a question I’ve been asked for 30 years. Back in the early 2000s, pre-internet, we’d stand and watch a sharp, used tractor or combine sell for $200,000. We’d say, “Can these prices go any higher?

“Finding its footing” is the tag line Greg “Machinery Pete” Peterson uses to describe the current state of the tractor segment in the farm equipment auction world. Pete is seeing value stabilization ...