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                                                                    EXHIBIT 99.1

FORM OF PROXY CARD

AG-CHEM EQUIPMENT CO., INC.               [FRONT]                          PROXY
5720 SMETANA DRIVE
MINNETONKA, MINNESOTA 55343

           THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

The undersigned hereby appoints Alvin E. McQuinn and Robert L. Hoffman, and each
of them with full power of substitution, Proxies to represent and vote, as
designated below, all of the shares of the Common Stock of Ag-Chem Equipment
Co., Inc., registered in the name of the undersigned as of the close of business
on March 19, 2001, with the powers the undersigned would possess if personally
present at the Special Meeting of Shareholders to be held at the offices of the
Company, located at 5720 Smetana Drive, Minnetonka, Minnesota 55343, at 1:00
p.m., local time, on April 13, 2001, and at any adjournment thereof, hereby
revoking any proxy or proxies previously given.

1.       Proposal to approve the Agreement and Plan of Merger dated as of
         November 20, 2000, by and among Ag-Chem Equipment Co., Inc., AGCO
         Corporation, and Agri Acquisition Corp., and all transactions
         contemplated by such agreement, including the merger.

                    [ ] FOR       [ ] AGAINST       [ ] ABSTAIN

2.       In their discretion, the appointed proxies are authorized to vote upon
         such other business as may properly come before the meeting or any
         adjournment.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED AS DIRECTED, OR IF NO
DIRECTION IS GIVEN, WILL BE VOTED FOR EACH PROPOSAL.



                                       Dated                     , 2001
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                                                      (Signature)



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                                                   (Second signature)

                                       PLEASE DATE AND SIGN ABOVE exactly as
                                       your name appears at left, indicating
                                       where appropriate, official position or
                                       representative capacity.