AGCO CORP /DE
S-4, EX-23.2, 2000-12-20
FARM MACHINERY & EQUIPMENT
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<PAGE>   1

                                                                    EXHIBIT 23.2


CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS


As independent public accountants, we hereby consent to the incorporation by
reference in this registration statement of our reports dated February 1, 2000
included in AGCO Corporation's Annual Report on Form 10-K for the year ended
December 31, 1999 and to all references to our Firm included in this
registration statement.


/s/ Arthur Andersen LLP


Atlanta, Georgia
December 14, 2000


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