NEWS RELEASE

CHALLENGER • FENDT • MASSEY FERGUSON • VALTRA

For Immediate Release

CONTACT: Reid Hamre Dee Weeda Manager, Brand Marketing Broadhead 770-813-6067 641-344-0757 Reid.Hamre@AGCOcorp.com dweeda@broadheadco.com Editorial note: Learn more about AES-25 at the National Farm Machinery Show, Feb. 16-19 in Louisville, Ky.

AES-25 Accurate Electric Steering System Now Available through AGCO’s Dealer Network

New technology provides unmatched accuracy; precise steering control helps growers improve

productivity and efficiency in the field Duluth, Ga. (February 16, 2011) — AGCO (NYSE:AGCO), Your Agriculture Company, a worldwide manufacturer and distributor of agricultural equipment, along with the company’s technology partner, Topcon Precision Agriculture, (http://www.topconpa.com/) is pleased to announce the availability of Topcon’s AES-25 Accurate Electric Steering kits for Challenger® and Massey Ferguson® high-horsepower tractors, selected Gleaner® combines, AGCO application equipment, as well as other brands of equipment. The AES-25 system will be available through the AGCO dealer network. “Topcon’s AES-25 is an innovative and high performance automatic steering system for professional producers who want high-accuracy results to help maximize productivity,” says Marlin Melander, technology marketing specialist with Advanced Technology Solutions at AGCO. “From its easy installation to operator-friendly operation and high level of accuracy, not only does the AES-25 system provide precise steering control, but it’s an excellent alternative to common hydraulic steering systems.” With the AES-25 system, growers are able to start at the accuracy needed for a particular job. Then, if needed, they can step up to real-time kinetics with confidence to achieve full 2cm (0.8 inch) pass-to-pass and repeatable accuracy. This is because the AES-25 direct drive system is the only one in the industry with the power and torque to operate at centimeter accuracy. The System 150 Automatic Steering System coupled to an AES-25 electric steering option provides row crop accuracy on vehicles that have not been outfitted with a hydraulic based “Guidance Ready” option from the factory. AGCO dealers will have access to AES-25 installation kits for a wide range of vehicles, including machines sold by other Ag equipment manufacturers. This will allow AGCO dealers to provide a complete technology solution, even to growers with other brands of equipment. The AES-25 system’s quiet, high-torque direct-drive motor provides silent operation to prevent unwanted cab noise. Likewise, the AES-25 does not intrude into the operator’s working area. With its industry-exclusive direct-drive motor, there are no external components — such as scrubber wheel drive motors or large gear and motor housings — that could interfere with day-to-day operation. Plus, the AES-25 system can be installed and steering in just minutes, rather than requiring hours of setup like other steering systems. It also transfers easily from machine to machine.

http://www.AGCOtechnologies.com

NEWS RELEASE

“AGCO has long been committed to providing growers with efficiency-enhancing technology solutions that combine real-world practicality with world-class innovation,” explains Melander. “AES-25 is just one more in the growing line of advanced precision farming products AGCO brings to customers through our partnership with Topcon.” For more information about precision farming product innovations available from AGCO, visit your local Massey Ferguson, Challenger or Gleaner dealer, or visit http://www.AGCOtechnologies.com.

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AGCO Advanced Technology Solutions is a worldwide brand of AGCO.

ABOUT TOPCON POSITIONING SYSTEMS

Topcon Positioning Systems, Inc., (TPS), designs and manufactures precise positioning products and solutions for the global surveying, construction, agriculture, civil engineering, mapping and GIS, asset management and mobile control markets. The company has worldwide employee operations and dealer networks. Topcon Corporation was founded in 1932. It is the parent company of TPS and is traded on the Tokyo Stock Exchange (7732). ABOUT AGCO AGCO, Your Agriculture Company (NYSE:AGCO), was founded in 1990 and offers a full product line of tractors, combines, hay tools, sprayers, forage, tillage equipment, implements and related replacement parts. AGCO agricultural products are sold under the core brands of Challenger

®, Fendt

®, Massey Ferguson

® and Valtra

®, and

are distributed globally through 2,600 independent dealers and distributors, in more than 140 countries worldwide. Retail financing is available through AGCO Finance. AGCO is headquartered in Duluth, Georgia, USA. In 2010, AGCO had net sales of $6.9 billion. Please visit our website at http://www.AGCOcorp.com.

Safe Harbor Statement Statements which are not historical facts, including expectations regarding the development and sales of the products produced by the joint venture, are forward-looking and subject to risks that could cause actual results to differ materially from those suggested by the statements. These risks include possible declines in demand for products as a result of weather, demand and other conditions that impact farm income, actions by producers of competitive products, and the general risks attendant to acquisitions. Further information concerning these and other factors is included in AGCO’s filings with the Securities and Exchange Commission, including its Form 10-K for the year ended December 31, 2009. AGCO disclaims any obligation to update any forward-looking statements except as required by law.

AGCO

4205 River Green Parkway, Duluth, GA 30096-2563 USA Telephone: 770-813-9200 http://www.AGCOcorp.com