"This is the best deal we've ever offered on such an in-demand
line of tractors," says Doug Griffin, director of Challenger sales and
marketing for North America. AGCO products are distributed under the
various well-known brand names AGCO(R), Challenger(R), Fendt(R),
Gleaner(R), Hesston(R), Massey Ferguson(R), New Idea (R), RoGator(R),
Spra-Coupe(R), Sunflower(R), Terra-Gator(R), Valtra(R), and White(TM)
Planters .

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By taking tractor horsepower
and performance to the highest level ever recorded in a production
tractor, rated at 510 and 570 gross engine horsepower respectively,
the new Challenger MT865B and MT875B have established a track record
of their own as the largest tractors ever built by Challenger .4-mile oval test track.challengerag.

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When necessary, which was the case
with the MT865B , additional tractors are hitched behind the cart for
added load. Either way, the first
'harvest ' payment isn't due until January 2006. To read more Challenger
news, visit our Web site, (From the pull down menu, select USA/Canada.

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"
In all cases, finance rates are fixed for the full term of the
contract and there is no penalty for pre-payment or early payoff. AGCO provides retail financing through AGCO Finance in North
America and through Agricredit in Australia, the United Kingdom ,
France, Germany, Ireland, and Brazil.

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"However, I
think our exclusive Mobil-Trac system and its ability to put power to
the ground deserves equal merit. With some 160
tractor manufacturers in business at the time, poor performance, the
need for dependability and a tendency by some manufacturers to
overstate their products' horsepower was becoming a big problem. It's the way Cat dealers have been doing business for years.agcocorp.

This category is for tractors, tractor accessories (such as plows or spreaders), combines, and other agricultural machinery and implements.

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9 percent fixed rate for up to six years.
Plus, there's not a tractor on the market that can match the ride,
traction and performance offered by Challenger's innovative Mobil-Trac
system.
Click on About Us + Services , Info Center and select Press Releases)."
AGCO Corporation, headquartered in Duluth, Georgia, is a global
designer, manufacturer and distributor of agricultural equipment and
related replacement parts.

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"
Founded in 1920, the Nebraska Tractor Test Laboratory was
originally established as a standardization test to ensure the
reliability of tractors sold to Nebraska farmers."
For more information on the Challenger MT800B Series tractors,
visit www.

About AGCO

AGCO Corporation , headquartered in Duluth, Georgia, is a global
manufacturer and distributor of agricultural equipment and related
replacement parts.

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"We are pleased to have successfully completed the final stage of
the approval process in Brazil," stated Martin Richenhagen, President
and Chief Executive Officer .3 billion.

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To make the offer even
more appealing, Challenger Finance is offering finance rates as low as
zero percent for three years on MT500 and MT600 models. "That, of course, affects the bottom
line in the form of less downtime and greater productivity.
For more information on these special finance rates and Challenger
products, please visit www.com. AGCO offers a full product line including tractors,
combines, hay tools, sprayers, forage, tillage equipment and
implements through more than 3,900 independent dealers and
distributors around the world.

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3 billion. In 2004, AGCO had net sales of
$5.

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Moreover, they've witnessed the
Model MT875B unofficially pass the 500-drawbar -horsepower mark,
becoming the first tractor in history to do so.com

About AGCO

AGCO Corporation, headquartered in Duluth, Georgia, is a global
manufacturer and distributor of agricultural equipment and related
replacement parts. "With features like our TechStar CVT
(continuously variable transmission), electronically controlled
engines and the quietest cabs in the industry, the MT500B and MT600B
Series are among the most technologically advanced tractors in the
industry. Again , the
first annual payment isn't due until after harvest in January 2006.

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----They say that records
are made to be broken, and that's exactly what the new Challenger
MT800B Series track tractors have done.
As Huck explains, part of the test involves pulling a load cart
containing instrumentation that measures critical test parameters
around a 0.challengerag.

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'Leaders of the Track': Challenger MT800B Series Track Tractors Set And Break New Records In Nebraska Tractor Tests

"
Griffin cautions , however, that even though customers can delay
payment until after harvest, that's not the case with their purchase
decision. Not
to mention their commitment to keeping equipment running in the field ,
day after day," Griffin adds. AGCO products are distributed in more than
140 countries.

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The Nebraska Tractor
Test Laboratory, meanwhile, became an OECD sanctioned testing station,
primarily for tractors built in the United States.
"This outstanding offer even includes the new MT875B, the largest
production tractor in the world, with 570 gross engine horsepower,"
says Griffin.

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The law was changed in 1986 to allow the sale of any tractor
tested by any international laboratory approved by the Organization
for Economic Cooperation and Development (OECD). "They provide the
assurance that a company's products meet their published
specifications, and it affords a direct comparison to competitive
machines tested under similar conditions. In 2004, AGCO had net sales of
$5. "Thanks to
these no-interest or low-interest programs, farmers can keep the extra
cash and reinvest it in their businesses. AGCO products are distributed under the
various well-known brand names AGCO(R), Challenger(R), Fendt(R ),
Gleaner(R), Hesston(R), Massey Ferguson(R), New Idea(R), RoGator(R),
Spra-Coupe(R), Sunflower (R), TerraGator(R), Valtra(R), and White(TM)
Planters.com

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AGCO offers a full product line including tractors,
combines, hay tools, sprayers, forage, tillage equipment and
implements through more than 3,900 independent dealers and
distributors around the world.----Beginning today until
July 31st, North American producers can reap all the technology
designed into Challenger's largest wheel and track tractors and
postpone the first payment until after harvest. Participating Challenger dealers can provide information on
all financing options and eligibility requirements. Please visit our website at www.

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----AGCO Corporation
(NYSE:AG), a global manufacturer and distributor of agricultural
equipment , announced today that it has received formal approval from
the Brazilian competition authority related to AGCO's purchase of
Valtra. AGCO purchased Valtra, including the Brazilian operations, in
January 2004. AGCO offers a full product line including tractors,
combines, hay tools, sprayers, forage, tillage equipment and
implements through more than 3,900 independent dealers and
distributors around the world.

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However, it appears that the two largest models in the five-model
MT800B Series have also set, not one, but two consecutive records for
"drawbar horsepower in an agricultural vehicle " at the Nebraska
Tractor Test Laboratory.1-liter (1,105 in cubed)
Caterpillar Tier III ACERT engine , which set its own record as the
largest in a production farm tractor," says Ken Huck, manager of
engineering systems and test for Challenger tractors. AGCO products are distributed under the
various well-known brand names AGCO(R), Challenger(R), Fendt(R),
Gleaner(R), Hesston(R), Massey Ferguson (R), New Idea(R), RoGator(R),
Spra-Coupe(R), Sunflower(R), Terra-Gator(R), Valtra(R), and White(TM )
Planters. For those who need more time, we're also offering a 3. Naturally, all loans are subject to Challenger
Finance credit approval and a minimum down payment or trade equity is
required.

AGCO provides retail financing through AGCO Finance in North
America and through Agricredit in Australia , the United Kingdom,
France, Germany, Ireland, and Brazil.

Business Editors

DULUTH , Ga. "Our efforts are now focused on further
integration of the Valtra operations into the AGCO organization and
enhancing value of the Valtra business on a worldwide basis.

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4 percent fixed rate for three harvest
payments or a 4."
Unlike most ag dealerships, Cat dealers can perform 95 percent of
all repairs in the field with a fleet of fully equipped service
trucks. This approval allows AGCO to maintain its ownership
without conditions or restrictions.

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AGCO products are distributed in more than 140
countries.

Business Editors

DULUTH, Ga.
"Our goal is to provide the most advanced equipment in the
industry to our customers, as well as, help them better manage their
cash flow through the full cropping season," Griffin adds. The extra-low finance rate programs are only available
through July 31, 2005.

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AGCO provides retail financing through AGCO Finance in North
America and through Agricredit in Australia, the United Kingdom,
France, Germany, Ireland, and Brazil. Now, customers can combine the improved efficiency these
tractors offer with finance rates as low as zero percent for three
years."
Customers who prefer the power, traction and performance of the
field-proven Challenger track tractors are offered equally appealing
incentives including, a 2. "Of course, both the MT700B and MT800B Series are
equipped with new Cat ACERT engines that take power and performance to
Tier III levels without a compromise in fuel economy or durability.
"If customers need one more reason to consider this limited-time
offer, it's the exceptional, timely service Cat dealers provide.

AGCO Obtains Brazilian Approval of Valtra Purchase

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In 2004, AGCO had net sales of
$5 .

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9
percent-fixed rate for up to six years.

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Agriculture Writers/Business Editors

DULUTH , Ga. Although the figures won't be official until
they are published next month, Challenger engineers have already seen
both models surpass the benchmark previously established by a
competitive 4 -wheel-drive tractor.
"Part of the credit goes to a new 18.

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"Despite the changes in tractor design and international
agreements over the years, the Nebraska Tractor Tests are still a
valuable asset to North American farmers," adds Tim Miller, general
marketing manager for Challenger track tractors . Consequently, we're
anxiously awaiting the official, printed records to confirm our
position at the top of the horsepower ladder. It's proof once again
that Challenger stands not only for excellence in in-field service,
but high-quality, top-notch products.3 billion.

'Financially Sound': Challenger Introduces Special Low-Rate Financing; Including Fixed Rates as Low as 0% with Payments Deferred until after Harvest

AGCO products are distributed in more than 140
countries.