Click here if you'd like to take the March 2025 News IQ quiz before viewing the answers below.
Q: The Assn. of Equipment Manufacturers (AEM) released February industry unit retail sales for agricultural equipment in North America on March 11, reporting that February combine retail sales decreased 44% year-over-year in February to how many units?
A: 273
Q: Tractor market data from January 2025 showed a decline in revenue in the U.S. according to analysis by Constellation dealership software companies. What was the percentage decline?
A: 17
Q: Messick Farm Equipment recently announced the acquisition of Rovendale Ag & Barn. How many total locations does Messick now have in Pennsylvania?
A: 8
Q: The editors of Farm Equipment announced the 2025 Dealership Minds Summit to be held in Iowa City, Iowa., on July 29-30, 2025, to gather top North American farm equipment dealerships. What will be the primary focus of this year’s Summit?
A: Absorption
Q:Which member of the 2025 Farm Equipment Dealer Hall of Fame attended West Point Academy?
Q: According to the results of a Farm Futures survey, only 25% of farmers plan to make an equipment purchase in the first half of 2025. Of those who do plan to purchase equipment, what percentage of them plan to pay with cash?
A: 40
Q: The recently-published Annual Report of the Associated Equipment Distributors (AED) featured the AED Foundation’s Vision 2025. How many high school programs are currently recognized as part of its effort to create a pipeline of students for apprenticeship programs?
A: 100
Farm Equipment News IQ is brought to you by Basic Software Systems.
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.