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

Q: According to a new policy from Kubota that went into effect on May 17, what is the maximum number of Kubota stores that any one dealership ownership group is allowed to have in the U.S.?

A: 50. The memo included a table showing how Kubota store ownership is limited by state. The cap per state begins at 6 in states with 10 or fewer Kubota locations and ends at 25 stores per ownership group in states with 51 or more Kubota stores. The policy additionally limits the number of total Kubota locations one ownership group can own to 50 nationwide.

Q: What independent line is most impacted by Ohio Machinery’s May 17 announcement to exit AGCO and all the ag equipment lines at its 8 locations?

A: Claas. 8-store AGCO and Claas dealer Ohio Ag Equipment informed customers on May 17 it is ending its distribution arrangement with AGCO.

Q: Which Canadian farm equipment manufacturer just announced a $10 million expansion?

A: Seedmaster. The company has acquired space which includes land and a building directly beside the current SeedMaster headquarters in Emerald Park, a community just outside Regina.

Q: Which foreign-based equipment supplier opened its first U.S. dealership with a company that also offers seed and chemical services?

A: Greeneye Technology. Greeneye Technology, the pioneer of AI precision spraying that is proven to reduce chemical use in farming by an average of 88%, has announced the opening of its first dedicated dealership.

Q: According to Titan Machinery’s 1st quarter results ending April 30, how did its ag segment revenues of $447.7 million change vs. the first quarter of last year?

A: 5.8%. Titan Machinery Inc., a leading network of full-service agricultural and construction equipment stores, reported financial results for the fiscal first quarter ended April 30, 2024. Revenue growth of 5.8% was led by same-store growth of 4.3%, and was also supported by contributions from the acquisition of Scott Supply, Co. in January 2024.

Q: What precision sales and service dealership was announced as a servicing dealer of Kinze Manufacturing’s planting, tillage and grain cart equipment?

A: Youngblut Ag. Youngblut Ag announced that they are now a Full Service Dealer for the Kinze Manufacturing, Inc. equipment lineup.

Q: Industry veteran Keith Whitaker recently joined which company?

A: Performance Brokerage Services Equipment Division. Performance Brokerage Services, North America’s highest volume dealership brokerage firm, welcomes industry veteran Keith Whitaker to the team as Partner for the Equipment Division.

Q: According to the Farm Equipment 100™ 2024 update, what is the No. 1 concern of the industry’s largest farm equipment dealerships?

A: Interest rates. Farm Equipment editors contacted executives at the Top 100 dealers about the biggest challenges over the next 12 months. Check out a sampling of dealers’ remarks in their own words.

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