Employment Agreement

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                                                                   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 th