Click here if you'd like to take the January 2026 News IQ quiz 2 before viewing the answers below.
Q: According to the December Ag Economy Barometer, released by Purdue University and the CME Group, the Farm Capital Investment Index had a reading of 58, representing what change?
Q: Shane Martin was recently appointed as the chief revenue officer for what business system company?
A: VitalEdge
Q: During the Precision Farming Dealer Summit, representatives from the OEMs participated in a panel that discussed their outlook on precision technology and other topics. Which of the following OEMs did not participate?
A: Deere
Q: GrazeMate, a startup developing autonomous livestock management technology, announced that it has how much in a funding round led by Y Combinator?
A: $1.2 million
Q: What rural lifestyle equipment manufacturer recently announced it would begin U.S. production of its ProZision battery-powered zero-turn lawn mowers?
A: Honda
Q: According to the 2026 Dealer Business Outlook & Trends Report, what percentage of dealers reported profitability in 2025?
A: 72.5%
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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.