Click here if you'd like to take the February 2025 News IQ quiz before viewing the answers below.
Q: On Feb. 6, AGCO announced its net sales were down 19.1% in 2024. What region did AGCO see its largest year-over-year decline in net sales in 2024?
Q: According to the newest Sandhills Global market reports, inventory levels of used combine harvesters in its U.S. marketplaces were up by what percentage month over month?
A: 3.19
Q: In the 12th annual Precision Farming Dealer Benchmark Study, what percentage of dealers surveyed about 2025 forecasted at least a 2-7% increase in revenue from precision farming sales?
A: 60%
Q: Which harvesting equipment manufacturer recently announced a $5 million expansion of a facility in St. Cloud, Minn.?
A: Geringhoff
Q: CNH Industrial reported results for the first quarter and full year 2024 earnings on Feb 4. Which of the following countries does CNH not import small to midsize tractors into North America from?
A: Mexico
Q: What was the difference between the December and January Purdue University-CME Group Ag Economy Barometer Index? Note: the January barometer survey took place Jan. 13-17, 2025.
Q: Florida Coast Equipment, LLC recently announced a strategic agreement with another dealership to exchange locations in Lecanto and Sebring, Fla. With whom was that transition made?
A: Crystal Tractor & Equipment
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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.