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AGCO Repurchases 3.5 Million Shares of Stock

30 July 1998

AGCO Repurchases 3.5 Million Shares of Stock

  1.9 Million Shares Purchased in May; 1.6 Million Shares Purchased in June

    ATLANTA, July 30 -- AGCO Corporation , a major
worldwide manufacturer and distributor of agricultural equipment, today
announced that during June the Company repurchased 1,627,200 shares of AGCO
common stock.  AGCO previously announced that the Company repurchased
1,860,000 shares of stock during May, for a total of 3,487,200 shares
purchased during 1998.
    AGCO Corporation, headquartered in Duluth, Georgia, USA, is a global
designer, manufacturer and distributor of agricultural equipment and related
replacement parts.  AGCO products are distributed in 140 countries.  AGCO
offers a full product line including tractors, combines, hay tools, sprayers,
forage equipment and implements through more than 8,500 independent dealers
and distributors around the world.  AGCO's products are distributed under the
brand names AGCO(R)Allis, Massey Ferguson(R), Hesston(R), White, GLEANER(R),
New Idea(R), AGCOSTAR(R), Black Machine, Landini, Tye(R), Farmhand(R),
Glencoe(R), Deutz (South America), IDEAL, Fendt(TM) and Spra-Coupe.  AGCO
provides retail financing worldwide through its Agricredit joint venture.  In
1997 AGCO had sales of $3.2 billion.