EXHIBIT 99

                        REPORT OF INDEPENDENT ACCOUNTANTS


To the Board of Directors and Shareholders' of Lindsay Manufacturing Co.:

In our opinion, the consolidated financial statements listed in the index
appearing under Item 15(a)(1) on page 32, present fairly, in all material
respects, the financial position of Lindsay Manufacturing Co. and its
subsidiaries at August 31, 2000, and the results of their operations and their
cash flows for the year ended August 31, 2000, in conformity with accounting
principles generally accepted in the United States of America. In addition, in
our opinion, the financial statement schedule listed in the index appearing
under Item 15(a)(2), presents fairly, in all material respects, the information
set forth therein when read in conjunction with the related consolidated
financial statements. These financial statements and financial statement
schedule are the responsibility of the Company's management; our responsibility
is to express an opinion on these financial statements and financial statement
schedule based on our audit. We conducted our audit of these statements in
accordance with auditing standards generally accepted in the United States of
America, which require that we plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements, assessing the
accounting principles used and significant estimates made by management, and
evaluating the overall financial statement presentation. We believe that our
audit provides a reasonable basis for our opinion.

                                          /s/ PRICEWATERHOUSECOOPERS LLP
                                          ------------------------------
Omaha, Nebraska                           PricewaterhouseCoopers LLP
September 28, 2000



                                       48