From Vision to Action: 2nd AGCO Africa Summit Held in Berlin

  From Vision to Action: 2nd AGCO Africa Summit Held in Berlin

              AGCO Supports Agricultural Mechanization in Africa

Business Wire

DULUTH, Ga. -- January 21, 2013

AGCO, Your Agriculture Company (NYSE: AGCO), a worldwide manufacturer and
distributor of agricultural equipment, today held the 2^nd annual AGCO Africa
Summit in Berlin. The Summit is a joint initiative of AGCO, Bayer CropScience,
DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH and Rabobank.
“Africa’s population is set to rise to two billion by 2050,” said Martin
Richenhagen, AGCO Chairman, President and CEO. “But food security in Africa is
by no means where it needs to be to face this challenge. It is a global
responsibility to develop agriculture in Africa to meet the growing demand for
food security and better nutrition.”

Martin Richenhagen, AGCO Chairman, President & CEO, Prof. Dr. Horst Köhler
(former Federal President ...

Martin Richenhagen, AGCO Chairman, President & CEO, Prof. Dr. Horst Köhler
(former Federal President of Germany), John Agyekum Kufuor (former President
of the Republic of Ghana), and Olusegun Obasanjo (former President of Nigeria)
at the AGCO Africa Summit 2013 (Photo: Business Wire)

The AGCO Africa Summit highlighted the needs of the African continent and
discussed the challenges of today’s agriculture with regard to the world food
supply problem, declining arable land base and rapid population growth. The
participants stressed the great potential of Africa to help to resolve these
problems. Guest speakers included Prof. Dr. Horst Köhler (former Federal
President of Germany), John Agyekum Kufuor (former President of the Republic
of Ghana), and Olusegun Obasanjo (former President of Nigeria). Panelists
included Jose Condugua Antonio Pacheco (Minister of Agriculture of
Mozambique), Dr. Baba Dioum (Coordinator General of the Conference of
Ministers of West and Central Africa) and Stephen Hayes (President and CEO of
the Corporate Council on Africa) – among others.

The AGCO Africa Summit gathers politicians, CEOs and industry experts to help
Africa move in the right direction by developing a new vision for agriculture
and sustainable investments. To meet the growing needs of Africa’s rapidly
growing population, farm productivity must increase. Africa is estimated to
hold more than 60% of the world’s remaining uncultivated arable land. This
untapped reserve of farmland holds the key to ensuring a sustainable food
supply. “Large areas across Africa have suitable soil and climate for farming,
but are not used,” explained Richenhagen. “We need to support agricultural
mechanization in Africa to create better food security.” African farmers need
more modern mechanized farming techniques to enhance their productivity level.
Higher productivity and efficiency will help African countries become less
dependent on imported crops, thus increasing the degree of
self-sustainability.

During the past year, AGCO has already taken strategic steps to expand its
presence in Africa: AGCO opened a Global Learning Center and Future Farm in
Zambia that allows local farmers and dealers to be trained on modern farming
technology. Farmers can benefit from a wide range of training classes and get
access to professional farming equipment. AGCO also built a new Parts
Distribution Center in Johannesburg to better serve customers in Sub-Saharan
Africa and opened a regional office in Cape Town. AGCO established a joint
venture operation with local partners in Algeria to manufacture Massey
Ferguson tractors for the African market as well. Just one month ago, the
tractor production started. In addition, AGCO is working on a variety of
projects to improve its distribution network in West and East Africa.

ABOUT AGCO

AGCO, Your Agriculture Company, (NYSE: AGCO), is a global leader focused on
the design, manufacture and distribution of agricultural machinery. AGCO
supports more productive farming through a full line of tractors, combines,
hay tools, sprayers, forage equipment, tillage, implements, grain storage and
protein production systems, as well as related replacement parts. AGCO
products are sold through five core brands, Challenger®, Fendt®, GSI ®, Massey
Ferguson® and Valtra®. AGCO’s products are distributed globally through 3,100
independent dealers and distributors in more than 140 countries worldwide.
Retail financing is available through AGCO Finance for qualified purchasers.
Founded in 1990, AGCO is headquartered in Duluth, GA, USA. In 2011, AGCO had
net sales of $8.8 billion.

http://www.AGCOcorp.com

Safe Harbor Statement

Statements which are not historical facts, including expectations regarding
the development and sales of products in this region, 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
December31,2011. AGCO disclaims any obligation to update any forward-looking
statements except as required by law.

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Contact:

AGCO
Rebecca Fabian, +1.646.415.8518
rf@stockheim-media.com