August Farm Equipment 'News IQ' Quiz — Check out the correct answers

How well do you know your farm equipment news?

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Vol. 1 No. 6 • August 26, 2024 The Results Are In... Thank you to those who completed last week's Farm Equipment News IQ Quiz! The average score was 3 out of 7, with only one participant achieving a perfect score. Congratulations to Steve Schlesinger (Case IH & Birkey's Farm Store) for acing the quiz and winning a $25 Visa gift card! See below for a full list of the questions, correct answers and links to each of the articles the questions originated from. To ensure you have access to all the articles referenced in future News IQ Quizzes, subscribe to the Farm Equipment Daily and Weekly eNewsletters. Farm Equipment News IQ Quiz Answer Key — August 26, 2024  Titan Machinery announced on August 14 that its margins could approach the historical lows realized in 2016-2017. Titan’s ag segment revenues via its new model assumptions for fiscal 2024-2025 are now: Down 5-10% - Correct Answer Down 15-20% Flat Down 2.5% To learn more, visit Titan Machinery Lowers Fiscal Year 2025 Modeling Assumptions What speciality equipment innovation was determined to be the greatest game-changer over the last 55 years by the farm equipment community? F.P. Bourgault Tillage Tools - Correct Answer Osmundson Manufacturing Co. Ingersoll Products S.I. Distributing Co. Nichols Tillage Tools Find out more here Alamo Group Announces Sale of Herschel Parts Business What was the change in retail sales of 4WD tractors in July vs. last year as reported by the Assn. of Equipment Manufacturers? Up 18.6% - Correct Answer Up 5.2% Down 2.3% Down 7.1% Read more here U.S. 4-Wheel Drive Tractor Sales Surge 18.6% in July 2024 AEM Data Report The pre-tax benefits from John Deere’s layoffs announced in late July are estimated to have what economic impact on the OEM in 2024? $100 million - Correct Answer Up 5.2% $220 million $79 million $32 million For more information visit Deere Reports 25% Drop in 3Q Production & Precision Ag Net Sales Which industry trade association announced its board voted to merge with the Associated Equipment Distributors (AED)? Canadian Equipment Dealers Assn. - Correct Answer Western Equipment Dealers Assn.  Midwest-SouthEastern Equipment Dealers Assn. Equipment Marketing & Distribution Assn. Learn more here CEDA Votes to Merge with AED Which OEM dominated the outdoor power equipment rankings in the North American Equipment Dealer Assn.’s Dealer-Manufacturer Relations Survey? Grasshopper - Correct Answer Cub Cadet Husqvarna Bad Boy Read the full article here Dealers Report Higher OPE Scores, Higher Satisfaction in 2024 Farm Equipment’s Dealership Minds Summit in Madison, Wis., this month attracted a crowd of 219 across 45 different equipment dealerships in North America. How many of the dealer-only Summits have been held to date? 6 10 - Correct Answer 15 4 Click here for more industry news The Farm Equipment News IQ Quiz is brought to you by Ag Equipment Intelligence Harness the farm equipment industry's news, information and analysis authority. The most comprehensive powerful resource for the farm equipment industry, Ag Equipment Intelligence is constantly gathering intel, analyzing data and presenting un-biased inferences gained from deep within the industry to give you a strategic advantage in your business. Ag Equipment Intelligence helps you establish baselines and spot trends that are impacting your business every day. Each issue is packed with inside stories from some of the top ag equipment industry analysts, consulting groups, dealers and manufacturers worldwide.   This message is being delivered to members of the Farm Equipment community. If you no longer wish to receive these updates, you can click here to update your email preferences.   Farm Equipment • 16655 W. Wisconsin Ave., Brookfield, WI, 53005