Click here if you'd like to take the January 2026 News IQ quiz before viewing the answers below.
Q: SurePoint Ag Systems recently opened a new sales and production center in what state?
A: Kansas.
Q: New Holland dealer Premier Equipment Co. acquired Winston Tractor Co., based in Winston-Salem, N.C. How many locations does the organization now operate?
A: 5.
Q: According to the 2025 Cost of Doing Business Study, what was the average inventory turns for $200-600 million volume dealers?
A: 2.52.
Q: According to the 2026 Dealer Business Outlook & Trends Report, what percentage of dealers are forecasting service revenue to be up 2% or more vs. 2025?
A: 62.1%.
Q: What John Deere dealer is celebrating its 100th Anniversary this year?
A: Martin Equipment.
Q: 2 faculty members from what university introduced a Smart Spray Annual ROI Calculator where farmers can plug in numbers relevant to their own operations and determine how much time it would take for them to save enough money to justify the cost of new tools.
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.