EXHIBIT 24.0

                               POWER OF ATTORNEY

         Know all men by these presents, that each person whose signature
appears below, hereby constitutes and appoints Andrew H. Beck and Stephen D.
Lupton his true and lawful attorneys-in-fact and agents, with full power of
substitution and resubstitution, for him and in his name, place and stead, in
any and all capacities, to sign the annual report on Form 10-K of AGCO
Corporation for the fiscal year ended December 31, 2004 and any or all
amendments or supplements thereto, and to file the same with all exhibits
thereto and other documents in connection therewith, with the Securities and
Exchange Commission, granting unto said attorneys-in-fact and agents full power
and authority to do and perform each and every act and thing necessary or
appropriate to be done with respect to the Form 10-K or any amendments or
supplements thereto in and about the premises, as fully to all intents and
purposes as he might or could do in person, hereby ratifying and confirming all
that said attorneys-in-fact and agents or his substitute or substitutes, may
lawfully do or cause to be done by virtue hereof.

Date: January 19, 2005
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/s/ P. George Benson                         /s/ Curtis E. Moll
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    P. George Benson                             Curtis E. Moll


/s/ W. Wayne Booker                          /s/ David E. Momot
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    W. Wayne Booker                              David E. Momot


/s/ Herman Cain                              /s/ Robert J. Ratliff
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    Herman Cain                                  Robert J. Ratliff


/s/ Henry J. Claycamp                        /s/ Martin Richenhagen
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    Henry J. Claycamp                            Martin Richenhagen


/s/ Wolfgang Deml                            /s/ Wolfgang Sauer
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    Wolfgang Deml                                Wolfgang Sauer


/s/ Gerald B. Johanneson                     /s/ Hendrikus Visser
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    Gerald B. Johanneson                         Hendrikus Visser


/s/  Anthony Loehnis
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     Anthony Loehnis