Click here if you'd like to take the December 2024 News IQ quiz before viewing the answers below.


Q: The Assn of Equipment Manufacturers (AEM) announced its 2025 Board of Directors during its annual conference. Who was named head of the Ag Sector?

A: Greg Petras, Kuhn North America, Inc.


Q: Buhler Industries recently reported results for Q3 Nov. 14, 2024. What was the percentage change of revenue?

A: 38.6


Q: In the latest AEI Outlook and Trends Survey, what percentage of dealers forecasted new equipment revenues to be down at least 2% in 2025?  

A: 64.3


Q: In reporting that  Monarch Tractor is participating in the EQIP (Environmental Quality Incentives Program) program, led by the U.S. Department of Agriculture (USDA) Natural Resources Conservation Service (NRCS), the story noted the amount EQIP is offering over the next 5 years to mitigate natural resource concerns. What was that amount? 

A: $7.8 Billion.


Q: Farmer sentiment jumped again in November as the Purdue University-CME Group Ag Economy Barometer climbed 30 points to 145. The Future Expectations Index sentiment improvement pushed the barometer to its highest level since what month and year?

A: May 2021.


Q: Who did Briggs & Stratton announce as their newest Vanguard Battery Technology partner?

A: Groupe Magnéto.


Q: On Dec. 3, a federal court struck down the Corporate Transparency Act. In initially establishing the CTA, a purported reason for the rule was to do what?

A: Prevent money laundering.



Farm Equipment News IQ is brought to you by Basic Software Systems.

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Basic Software Systems was established in 1979. The concept of Basic Software Systems derived from a vision of serving a large industry that was expanding rapidly yet lacking computerization. A local Ford Tractor dealership invited us to write a Dealership Management System Solution customized for their specific needs. The newly integrated features of the software brought about a complete transformation for the dealership.

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