EXHIBIT 23.2

                 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 for the year ended December
  31, 2001. 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.