Five stolen quad bikes and a trailer were recovered as police carried out raids in Leyland and Lostock Hall.
A Lancashire Police spokesman said: "A male from the Lostock Hall area has been arrested and has currently been released under investigation while our enquiries continue. "
The two warrants formed part of a national, rural crime day of action.
Contact police with information relating to the theft or sale of farm machinery in the area on 101 or at Craig.McCabe@lancashire.pnn.police.uk
Alternatively contact crimestoppers anonymously.