Release Details

DULUTH, Ga., Mar 31, 2004 (BUSINESS WIRE) -- AGCO Corporation (NYSE:AG), a worldwide designer, manufacturer and distributor of agricultural equipment, with revenue of $3.5 billion in 2003, has been recognized as one of the nation's 500 largest publicly traded companies. The Fortune 500 list, which includes AGCO Corporation, will be published in Fortune Magazine's April 5 edition.

"Being named to the Fortune 500 list is simply another sign that AGCO employees are continuing to build a strong and secure company that will be here for the long term to support our tractor, combine, application and farm equipment customers," says Robert J. Ratliff, chairman of the board, and a company founder. "It is those customers and their dealers who are responsible for the steady growth we have enjoyed, and that has resulted in this recognition."

AGCO Corporation is composed of more than 23 internationally recognized equipment brands that serve nearly every aspect of agriculture from diesel engines to satellite guidance systems. While its collective ag heritage is numbered in decades, its reputation is built on cutting edge innovation in equipment design and technology adoption.

"While this recognition of our past growth is appreciated, it is our future that we are excited about," says Ratliff. "We believe food production remains the most important industry in the world, and we are committed to helping our customers find new levels of efficiency and productivity."

AGCO Corporation, headquartered in Duluth, Georgia, is a global designer, manufacturer and distributor of agricultural equipment and related replacement parts. AGCO products are distributed in over 140 countries. AGCO offers a full product line including tractors, combines, hay tools, sprayers, forage, tillage equipment and implements through more than 9200 independent dealers and distributors around the world. AGCO products are distributed under the brand names AGCO(R), Agco Allis(R), AgcoStar(R), Challenger(R), Farmhand(R), Fendt(R), Fieldstar(R), Gleaner(R), Glencoe(R), Hesston(R), LOR*AL(R), Massey Ferguson(R), New Idea(R), RoGator(R), SisuDiesel(TM), Soilteq(TM), Spra-Coupe(R), Sunflower(R), TerraGator(R), Tye(R), Valtra(R), White(TM), and Willmar(R). AGCO provides retail financing through AGCO Finance in North America and through Agricredit in the United Kingdom, France, Germany, Ireland, and Brazil. In 2003, AGCO had net sales of $3.5 billion.

To download this and other news releases, please visit the AGCO website at www.agcocorp.com.

SOURCE: AGCO Corporation

CONTACT:          AGCO Corporation, Duluth
                  Molly Dye, 770/813-6044
                  or
                  Reid Hamre, 770/813-6067

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SOURCE: AGCO Corporation