Click here if you'd like to take the September 2024 News IQ quiz 2 before viewing the answers below.
Q: In an 9-17-24 announcement, which association will represent the first group to be added to the North American Equipment Dealers Assn. (NAEDA) since the formation of the re-established NAEDA in 2022?
A: Northeast Equipment Dealers Assn. The joint membership of the North American Equipment Dealers Assn. (NAEDA) and the Northeast Equipment Dealers Assn. (NEDA) have voted overwhelmingly in favor of moving forward with a merger of these two associations.
Q: What irrigation equipment manufacturer announced a $12 million investment in its U.S. operations on September 10?
A: Reinke Manufacturing. Reinke Manufacturing, a global leader in irrigation systems and technology, announced Sept. 10 a $12 million investment in the modernization and automation of their manufacturing facilities to produce irrigation systems.
Q: In what nation of John Deere’s production did an alleged bribe occur that was settled for $9.9 million?
A: Thailand. Deere acquired Wirtgen Thailand in 2017 and according to the SEC, between 2017 and 2020, this subsidiary then used cash, international travel perks and massage parlor visits to bribe various officials from the Thai Department of Highways, the Thai Department of Rural Roads and the Royal Thai Air Force in order to help the company obtain government contracts and acquire sales.
Q: In what state did a major-line ag equipment manufacturer announce plans on September 10 to lay off 13 production welders among a total of 52 positions?
A: Wisconsin. CNH Industrial notified Wisconsin state officials Sept. 10 of a mass layoff at its St. Nazianz, Wis., facility. According to the notice, the mass layoff will affect 52 individuals, and all layoffs will take place on Nov. 14, 2024. No additional layoffs are planned at the time.
Q: According to a just-released tractor data forecast report issued by Glass Management Group, what percent of total tractor sales fell in the under-100 horsepower category in 2023?
A: 87%. This loss of sales in these very important segments of the market, which comprised 87.1% of all tractors sold in 2023, is being felt by all of the U.S. tractor manufacturers since it impacted the heart of their tractor lines and many are making moves to reduce their costs in those facilities where these tractors are being produced.
Q: According to the 9-15-24 edition of Ag Equipment Intelligence, what U.S. equipment dealer group is the industry’s largest employer at 4,400?
A: Papé Machinery.In its June 2024 issue, Farm Equipment published the Farm Equipment 100™, a list of the 100 largest ag equipment dealers in North America by number of ag locations. Reproduced here are the top 25 dealers by total number of employees.
Q: According to a September report, which advanced application technology has demonstrated a 59% average herbicide savings by farmers?
A: John Deere See & Spray. John Deere announced its See & Spray™ technology saved farmers an estimated 8 million gallons of herbicide mix* on more than 1 million acres applied during the 2024 growing season, delivering both cost savings and improved sustainability.
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