EXHIBIT 99.4


                NOTICE REGARDING CONSENT OF ARTHUR ANDERSEN LLP

         Section 11(a) of the Securities Act of 1933, as amended (the
"Securities Act"), provides that if any part of a registration statement at the
time such part becomes effective contains an untrue statement of a material
fact or omitted to state a material fact required to be stated therein or
necessary to make the statements therein not misleading, any person acquiring a
security pursuant to such registration statement (unless it is proved that at
the time of such acquisition such person knew of such untruth or omission) may
sue, among others, every accountant who has consented to be named as having
prepared or certified any part of the registration statement, or as having
prepared or certified any report or valuation which is used in connection with
the registration statement, with respect to the statement in such registration
statement, report or valuation which purports to have been prepared or
certified by the accountant.

         This Form 10-K is incorporated by reference into the following
previously filed registration statements of AGCO Corporation ("AGCO"):
Registration Statements on Form S-8 file numbers 333-75591, 333-75589 and
333-04707 (collectively, the "Registration Statements") and, for purposes of
determining liability under the Securities Act, is deemed to be a new
registration statement for each Registration Statement into which it is
incorporated by reference.

         On April 25, 2002, AGCO dismissed Arthur Andersen LLP ("Arthur
Andersen") as its independent public accountant and appointed KPMG LLP to
replace Arthur Andersen. Both the engagement partner and the manager for AGCO's
prior fiscal year audit are no longer with Arthur Andersen. As a result, AGCO
has been unable to obtain Arthur Andersen's written consent to incorporate by
reference into the Registration Statements Arthur Andersen's audit report
regarding AGCO's financial statements as of December 31, 2001 and December 31,
2000 and for the years then ended. Under these circumstances, Rule 437a under
the Securities Act and Rule 2-02 of Regulation S-X promulgated by the
Securities and Exchange Commission permit AGCO to file this Form 10-K without a
written consent from Arthur Andersen. As a result, however, Arthur Andersen
will have no liability under Section 11(a) of the Securities Act for any untrue
statements of a material fact contained in the financial statements audited by
Arthur Andersen or any omissions of a material fact required to be stated
therein. Accordingly, you would be unable to assert a claim against Arthur
Andersen under Section 11(a) of the Securities Act for any purchases of
securities under the Registration Statements made on or after the date of the
Form 10-K. However, to the extent provided in Section 11(b)(3)(C) of the
Securities Act, other persons who are liable under Section 11(a) of the
Securities Act, including AGCO's officers and directors, may still rely on
Arthur Andersen's original audit reports as being made by an expert for
purposes of establishing a due diligence defense under Section 11(b) of the
Securities Act.