Yap, Yu-Yugoslav, Ag-agricultural, S-single. No, twin boom version was named D (double).
The funny thing is, this project could still see completion. A lot of countries need cheap agricultural plane (one of the good things about these two designs is that parts are interchangeable as much as possible (I believe, and this is unverified, that 80% of the parts are identical for both planes)) and I can see these planes fulfilling this role (hell, An-2 is still used in Serbian agricultural aviation).
The other thing is, Utva aircraft plant that was bombed in 1999 is again operational and is currently producing Lasta 95 light trainer aircraft for Serbian and Iraqi airforce. This project is also more than three decades old but produced the bird in the end after all. AG-S and AG-D are on the same technological level with bigger potential market. If the Lasta sales increase, maybe even the modified Super Galeb G4MD jet trainer will see mass production (Did you know that the US Airforce was considering using its previous version as a trainer in the late eighties?).