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 Current Report on Form 8-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 Current Report on Form 8-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 Current Report on Form 8-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.