News Release

For Immediate Release Images Available Here (http://www.box.net/shared/9svvqr5n31) CONTACT: Reid Hamre Dee Weeda Brand Marketing Manager Broadhead + Co 770-813-6067 641-334-0757 Reid.Hamre@AGCOcorp.com dweeda@broadheadco.com

Massey Ferguson and Challenger High Horsepower Tractors to be Built

in North America AGCO Announces Expansion of Jackson, Minn., Farm Equipment Manufacturing Facility

JACKSON, Minn., January 27, 2011 – AGCO, Your Agriculture Company,

(http://www.AGCOcorp.com) (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural

equipment, announced its plans to produce Massey Ferguson® (http://www.masseyferguson.com) and

Challenger® (http://www.challenger-ag.com) high horsepower wheeled rowcrop tractors in the

company’s Jackson, Minn., (http://www.jacksonmn.com) farm equipment manufacturing facility.

AGCO’s plans include a 75,000-square-foot expansion of the manufacturing facility and construction

of a state-of-the-art visitors’ center.

“Manufacturing our high-horsepower tractors in Jackson, Minn., is just one more aspect of

AGCO’s commitment to bringing high-quality products and the latest technologies to professional

producers in North America,” said Bob Crain, senior vice president and general manager for AGCO

North America. “By manufacturing our Massey Ferguson and Challenger mid- to high-horsepower

tractors in the United States, we’ll be able to offer machines more closely configured to the production

practices and needs of our customers here while also reducing the delivery time to both dealers and

farmers.” The facility currently produces Challenger track and articulated 4-wheel-drive tractors as

well as high-flotation applicators and high-clearance sprayers.

The manufacturing expansion is scheduled for completion in Q4 2011. The first tractors are

expected to roll off the line before the end of the year. Plans for the visitor’s center have not been

finalized, but the projected 17,000-square-foot facility is intended to host as many as 10,000 local and

international visitors as they experience the newest products from Challenger and Massey Ferguson.

Longstanding History in Jackson

AGCO’s decision to expand the Jackson facility is part of the company’s plans for increasing

its manufacturing capabilities throughout North America. Crain saluted the more than 900 employees

in Jackson and their role in the company’s future expansion during the official announcement to

employees, state and local leaders, affiliated dealers and media.

“Inside these walls is a long-standing tradition of dedication, excellence and hard work that

brings agriculture some of the highest quality and most respected products on the market,” Crain said.

“The heritage and work ethic of the residents of southwest Minnesota were among the deciding

factors as we evaluated where to manufacture our most advanced machines. We know you will help

us achieve great success.” Farm equipment manufacturing has been a part of the Jackson community

since 1963 when Ag-Chem Equipment Company was founded as a distributor of spraying equipment.

Ag-Chem was purchased by AGCO in 2001.

Good for Southwest Minnesota

As the largest employer in Jackson, AGCO’s expansion will add 100 manufacturing and

support jobs with annual payroll of $5.68 million. According to economic impact studies* completed by

the Minnesota Department of Employment and Economic Development (DEED)

(http://www.positivelyminnesota.com), the visitor center and resulting expenditures from visitors is

expected to create as many as 95 jobs throughout the community and increase the Jackson economy

by $2.26 million. The study also found that in total, annual economic impact of the expansion is

projected to bring nearly 200 jobs and more than $17.3 million in annual Gross Regional Product

(GRP) to the area. Construction of the facility is expected to bring more than 50 jobs in construction

and support industries and more than $2.2 million of GRP during the construction phase.

For more information about the company and its products visit http://www.AGCOcorp.com or

your local Challenger or Massey Ferguson dealer.

Safe Harbor Statement

Statements which are not historical facts, including expectations regarding the development and sales of the products produced by the venture, are forward-looking and subject to risks that could cause actual results to differ materially from those suggested by the statements. These risks include possible declines in demand for products as a result of weather, demand and other conditions that impact farm income, actions by producers of competitive products, and the general risks attendant to acquisitions. Further information concerning these and other factors is included in AGCO’s filings with the Securities and Exchange Commission, including its Form 10-K for the year ended December 31, 2009. AGCO disclaims any obligation to update any forward-looking statements except as required by law.

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* Studies completed using IMPLAN Model for Minnesota – (IMpact Analysis for PLANning).

Massey Ferguson®

is a worldwide brand of AGCO. Challenger® is a registered trademark of Caterpillar Inc. and is used

under license by AGCO. ABOUT AGCO

AGCO, Your Agriculture Company, (NYSE: AGCO) was founded in 1990 and offers a full product line of tractors, combines, hay tools, sprayers, forage, tillage equipment, implements, and related replacement parts. AGCO agricultural products are sold under the core brands of Challenger®, Fendt®, Massey Ferguson® and Valtra®, and are distributed globally through more than 2,700 independent dealers and distributors, in more than 140 countries worldwide. AGCO provides retail financing through AGCO Finance. AGCO is headquartered in Duluth, Georgia, USA. In 2009, AGCO had net sales of $6.6 billion. Please visit our website at http://www.AGCOcorp.com.

AGCO

4205 River Green Parkway, Duluth, GA 30096-2563 USA Telephone: 770-813-9200 http://www.AGCOcorp.com