EXHIBIT 10.13


                                                         INTER-OFFICE MEMORANDUM

[AGCO  AGCO Corporation
LOGO]  -------------------------------------------------------------------------


     TO:     Stephen Lupton

   FROM:     Martin Richenhagen

   DATE:     January 26, 2005

SUBJECT:     Employment Agreement

This memorandum will confirm the terms and understandings regarding your
continued employment in the United States as Senior Vice President, Corporate
Development and General Counsel.

Effective 1 February 2005, your foreign assignment status and associated
allowances will terminate and you will continue your employment with AGCO
Corporation with a permanent base at AGCO's Corporate Offices in Duluth,
Georgia, on the terms and conditions applicable to any other Duluth-based
Officer of AGCO Corporation, and as set out in your Employment Agreement of 1
September 1999.

Also, effective 1 February 2005, your annual base salary will be Three hundred
and fifty thousand Dollars ($350,000) and you will continue to participate in
the Company's Incentive Compensation Plan at a potential award rate of 50%.

On cessation of your employment, the Company will repatriate you and your
spouse to the UK. The Company will also reimburse your and/or pay for
reasonable relocation expenses. This includes packing, insuring and transporting
reasonable personal household effects and furniture to the UK, including any
necessary in-transit charges, storage and insurance, but excluding automobiles.

It is understood that if additional issues need to be addressed as a result of
this change in your status, they will be resolved with the good faith of both
parties.

/s/ Martin Richenhagen
Martin Richenhagen
President and CEO