Click here if you'd like to take the February 2026 News IQ quiz before viewing the answers below.
Q: According to the latest Purdue Univ.-CME Group Ag Economy Barometer, what percent of the producers surveyed reported their farm operations were worse off than a year ago?
A: 50%.
Q: According to comments made by Secretary of Agriculture Brooke Rollins about the EPA’s guidance on self-repair of nonroad engines, by how much did “Bidenflation” drive up equipment costs on average?
A: 45%.
Q: John Deere recently announced plans to expand facilities in Indiana and North Carolina. Between the two facilities, how many people will they employ?
A: 300.
Q: AEM released retail sales numbers for December and the full year 2025 in mid-January. In the U.S., what product category had the largest year-over-year change in unit sales in December?
A: 4WD tractors.
Q: The 2026 AED Summit was held in Dallas Jan 19-21. During the Summit, who was sworn in as the new Chairman of the Board?
A: Marshall Anderson, Executive Vice President at RDO Equipment Co.
Q: On Jan. 22, SeekingAlpha reported that Deere’s Joshua Jepsen was resigning his position effective Feb. 19 2026. What executive role did he hold?
A: CFO.
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.