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

Thank you to those who completed last week's Farm Equipment News IQ Quiz!

Vol. 1 No. 14 • December 10, 2024 The Results Are In... Thank you to those who completed last week's Farm Equipment News IQ Quiz! The average score was 2 out of 7. The top scorers were entered into a drawing for a chance to win a $25 Visa gift card. Congratulations to Chris Lutjemeyer from AKRS Equipment Solutions for being the lucky winner! See below for a full list of the questions, correct answers and links to each of the articles the questions originated from. This month's Farm Equipment News IQ Quiz is brought to you courtesy of Basic Software Systems. Click here to learn how Basic Software Systems can boost your dealership’s efficiency with a management system for seamless remote connectivity and operations. 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 — December 10, 2024 The Assn of Equipment Manufacturers (AEM) announced its 2025 Board of Directors during its annual conference. Who was named head of the Ag Sector? Paul Flemming, AEM Vice President of Membership and Sales Megan Tanel, President, AEM Greg Petras, Kuhn North America, Inc. - Correct Answer Todd Stuckey, CEO, Kubota To learn more, visit AEM Elects Linda Hasenfratz of Linamar Board Chair, Announces 2025 Officers Buhler Industries recently reported results for Q3 Nov. 14, 2024. What was the percentage change of revenue? 38.6 - Correct Answer 17.2 23.8 9.25 Find out more here Buhler Industries Reports 3Q Revenue Up 38.6% In the latest AEI Outlook and Trends Survey, what percentage of dealers forecasted new equipment revenues to be down at least 2% in 2025?   44.2 28.8 11.8 64.3 - Correct Answer Read more here DataPoint: Dealers Forecast Service Revenue Growth in 2024 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?  $4.4 Billion $9.7 Billion $7.8 Billion - Correct Answer $157 Million For more information visit Monarch Tractor Participating in Environmental Quality Incentives Program (EQIP) 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? December 2020 May 2021 - Correct Answer July 1998 May 2022 Learn more here Farmer Sentiment Following U.S. Election Reaches Highest Levels Since May 2021 Who did Briggs & Stratton announce as their newest Vanguard Battery Technology partner? LG Energy Solutions Amperex Technology Groupe Magnéto - Correct Answer Tesla Read Groupe Magnéto and Vanguard Partner to Streamline Electrification for OEMs 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? Avoid duplication across multiple levels of government Prevent money laundering - Correct Answer Consolidate reporting requirements from ag industry businesses Ensure corporate executives were on file with the  Financial Crimes Enforcement Network Read more at Federal Court Strikes Down the Corporate Transparency Act The Farm Equipment News IQ Quiz is brought to you with the support of 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.   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