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                                AGCO CORPORATION

                                OFFER TO EXCHANGE
                                  $250,000,000

                          9 1/2% SENIOR NOTES DUE 2008
           WHICH HAS BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933
                    FOR $250,000,000 OUTSTANDING UNREGISTERED
                          9 1/2% SENIOR NOTES DUE 2008

         THE EXCHANGE OFFER WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON
[________], 2001, UNLESS EXTENDED OR TERMINATED (THE "EXPIRATION DATE").

To Brokers, Dealers, Commercial Banks,
Trust Companies and Other Nominees:

         Enclosed for your consideration is a Prospectus dated         , 2001
(as the same may be amended or supplemented from time to time, the "Prospectus")
and a form of Letter of Transmittal (the "Letter of Transmittal") relating to
the offer (the "Exchange Offer") by AGCO Corporation, a Delaware corporation
(the "Company"), to exchange $250,000,000 in aggregate principal amount of its 9
1/2% Senior Notes due 2008 which have been registered under the Securities Act
of 1933 (the "New Notes"), for $250,000,000 in aggregate principal amount of its
outstanding unregistered 9 1/2% Senior Notes due 2008 (the "Old Notes").

         We are asking you to contact your clients for whom you hold Old Notes
registered in your name or in the name of your nominee. In addition, we ask you
to contact your clients who, to your knowledge, hold Old Notes registered in
their own name. The Company will not pay any fees or commissions to any broker,
dealer or other person in connection with the solicitation of tenders pursuant
to the Exchange Offer. You will, however, be reimbursed by the Company for
customary mailing and handling expenses incurred by you in forwarding any of the
enclosed materials to your clients. The Company will pay all transfer taxes, if
any, applicable to the tender of Old Notes to it or its order, except as
otherwise provided in the Prospectus and the Letter of Transmittal.

         Enclosed are copies of the following documents:

         1.       The Prospectus;

         2.       A Letter of Transmittal for your use in connection with the
tender of Old Notes and for the information of your clients;

         3.       A form of letter that may be sent to your clients for whose
accounts you hold Old Notes registered in your name or the name of your nominee,
with space provided for obtaining the clients' instructions with regard to the
Exchange Offer; and

         4.       A Notice of Guaranteed Delivery.

         Your prompt action is requested. The Exchange Offer will expire at 5:00
p.m., New York City Time, on , 2001, unless extended (the "Expiration Date").
Old Notes tendered pursuant to the Exchange Offer may be withdrawn, subject to
the procedures described in the Prospectus, at any time prior to the Expiration
Date.


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         In all cases, exchanges of Old Notes for New Notes accepted for
exchange pursuant to the Exchange Offer will be made only after timely receipt
by the Exchange Agent of (a) certificates representing such Old Notes or a
confirmation of a book-entry transfer of such Old Notes, as the case may be, (b)
the Letter of Transmittal (or a facsimile thereof) promptly completed and duly
executed with any required signature guarantees, or in lieu thereof an Agent's
Message for book-entry transfer and (c) any other documents required by the
Letter of Transmittal.

         Holders who wish to tender their Old Notes and (a) whose Old Notes are
not immediately available, (b) who cannot deliver their Old Notes, the Letter of
Transmittal or any other required documents to the Exchange Agent prior to the
Expiration Date or (c) who cannot complete the procedure for book-entry transfer
on a timely basis, may tender their Old Notes by following the guaranteed
delivery procedures described in the Prospectus under "The Exchange Offer --
Guaranteed Delivery Procedures."

         To tender Old Notes, certificates for Old Notes, a duly executed and
properly completed Letter of Transmittal or a facsimile thereof, together with
any other required documents, must be received by the Exchange Agent as provided
in the Prospectus and the Letter of Transmittal.

         Additional copies of the enclosed material may be obtained from the
Exchange Agent, SunTrust Bank, by calling (404) 588-7296.

         NOTHING HEREIN OR IN THE ENCLOSED DOCUMENTS SHALL CONSTITUTE YOU OR ANY
PERSON AS AN AGENT OF THE COMPANY OR THE EXCHANGE AGENT, OR AUTHORIZE YOU OR ANY
OTHER PERSON TO MAKE ANY STATEMENTS ON BEHALF OF EITHER OF THEM WITH RESPECT TO
THE EXCHANGE OFFER, EXCEPT FOR STATEMENTS EXPRESSLY MADE IN THE PROSPECTUS AND
THE LETTER OF TRANSMITTAL.


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