Click here if you'd like to take the July 2024 News IQ quiz before viewing the answers below.
Q: Which Large and Small-Operation dealerships were named by an independent panel of judges as the 2024 Farm Equipment Dealerships of the Year?
A: H&R Agri-Power and Eis Implement. For the 2024 Farm Equipment Dealerships of the Year (DOY), the judges chose Hopkinsville, Ky.-based H&R Agri-Power in the over-$100 million revenue category and Eis Implement of Two Rivers, Wis., in the under-$100 million revenue category.
Q: Which industry association announced a change in its executive leadership team on July 9?
A: North American Equipment Dealers Assn. In an email distributed to members of the North American Equipment Dealers Association (NAEDA), as of July 8, 2024, John Schmeiser will no longer be serving as chief operating officer of NAEDA.
Q: Canadian farm equipment manufacturer Leon’s Manufacturing and Ram Industries announced what news on July 2 in regard to the $16 million owed to BMO?
A: Entered receivership. In the last few months, Leon’s Manufacturing has been the subject of multiple complaints about its sales and delivery (or lack thereof) practices. Now the manufacturer has entered receivership.
Q: Which of the major-line farm equipment OEMs had the lowest mean score – factoring all 12 categories – in the just-released manufacturer rankings by dealers?
A: New Holland. The association’s rankings of Full-Line Manufacturers includes AGCO, Case IH, Claas, John Deere, Kubota U.S., Kubota Canada and New Holland. NAEDA continues to evaluate Claas as a full-line manufacturer, despite holes in most industry definitions of a full-line manufacturer.
Q: Which of the following ag equipment dealers DID NOT announce an acquisition or merger in the last 3 weeks?
A: Titan Machinery. Atlantic & Southern, Florida Coast Equipment and Stotz Equipment all announced mergers.
Q: Which of the majors was the latest to announce additional layoffs – on July 10?
A: John Deere. John Deere will lay off more than 300 employees in Waterloo, Iowa, effective late September, KWWL News 7 reports.
Q: Which news content was the most-viewed by the farm equipment industry in June 2024?
A: Cyber Attack Shuts Down CDK Global, Ag Dealers Locked Out of Business System. Check out our other news items that made the top ten stories in June!
Farm Equipment News IQ is brought to you by Dealership Minds Summit.
Join top farm equipment dealerships from around North America on August 6-7, 2024 in Madison, Wis., for 2-days of unrivaled learning and networking during the 2024 Dealership Minds Summit. No other event gives you a FOR DEALERS ONLY learning opportunity featuring targeted sessions that deliver the latest research, ideas and tools to help your dealership reach its top potential.
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