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Leveraging Financing to Free Up Working Capital

How AgDirect equipment financing keeps Morwai Dairy moving forward.

Leveraging Financing to Free Up Working Capital

How AgDirect equipment financing keeps Morwai Dairy moving forward.

Published on 10/20/2022

Third generation farmer and dairyman, John Moser, knows the right financing partner can make all the difference when it comes to structuring purchases and managing risk.

That’s why a partnership with AgDirect, one of the leading equipment financing programs in the nation, has long been part of his strategy to free up cash flow and improve his working capital position.

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“Equipment financing is very important to our operation as we go forward,” Moser says. “If you look at the cost of equipment today, it doesn’t pencil out well to write a check because it would tie up so much cash you need for seed, labor, wages, fuel and other inputs.”

“Working with AgDirect has given us options we can look at to lower our payments to a level we can afford,” he explains. “It gets us in the equipment we need, but still leaves us with the cash we need to run our business.”

Planning for equipment purchases

Moser’s operation has deep roots in Weld County, Colorado. His grandparents homesteaded in the area in 1888. After graduating with a degree in agronomy from Colorado State University and working as an assistant agronomist for a few years, Moser returned home to carry on the family legacy.

“We started our dairy operation, Morwai Dairy, in 1996 and that continues today,” he shares. “We milk about 3,000 cows and farm around 3,000 acres with the help of 70 employees.”

Reliable equipment is vital to keeping day-to-day operations running smoothly. Moser says buying new versus used machinery largely depends on what area of his operation the equipment will serve its purpose.

“With the number of hours we put on a piece of equipment, especially on the dairy side of our business, it usually doesn’t pay to look at used because we’ll chew through the hours on the extended warranty in about two years,” he explains. “It’s nice to have back-ups, but in a dairy operation that operates 24/7, it’s critical to have equipment that runs every day.”

“We try to do long-term planning on our equipment purchases knowing that our needs may change,” Moser adds. “Sometimes we’re looking at replacements six months up to a year out. Ensuring we have the financing from AgDirect is part of that process which helps us determine our down payment ahead of time.”

Options you won’t find with other lenders

According to Moser, AgDirect has always been part of his equipment dealer’s financing options.

“AgDirect has been a critical partner in our business for a long time. Among the dealers we’ve worked with, one of their first choices for financing has always been AgDirect, so that’s how we were first introduced to them,” he says.

“We chose AgDirect over other lenders because of the flexibility they could give us. For example, they were willing to work with us to schedule semiannual payments rather than monthly or quarterly payments.”

Savings from competitive interest rates and a quick and convenient approval process also made AgDirect an ideal partner for Moser’s equipment financing.

“We continue to work with AgDirect today because they understand agriculture,” Moser shares. “There are years where you could get hailed out and other years when things are bountiful. They understand the ups and downs and offer financing options you won’t find with other lenders, and that’s why we like working with AgDirect.”  

Hear more from John or learn more about working with AgDirect as your equipment financing partner by contacting your nearest AgDirect territory manager or the AgDirect Finance team at 888-525-9805.

Learning Center

Agriculture is constantly evolving, which is why AgDirect® works to help you make the right decision for your operation when it comes to financing your next tractor, combine or other ag equipment.


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