Healthy Oilseeds, part of Gussiaas Family Farm, began exporting organic and non-organic seeds in 2002. The family-owned venture in Carrington exports golden and brown flaxseed, hempseed, and borage to five continents including countries such as Algeria, Brazil, Kazakhstan, South Korea, and Spain. The Gussiaas family has been farming for decades and exporting has become an increasingly important part of the business, just as it has for many American farmers.
Although exports are a great source of wealth for many small businesses, international sales provide an array of threats to a company's financial health. International distributers often expect to but on open-credit terms; while these can allow a seller to be more competitive, global customers do not always pay on time for the products they bought. This results in a loss of working capital for the U.S. -based seller.
Gussiaas Family Farm has utilized EXIM insurance since 2009 to cover their sales around the world, protecting against the political and commercial risks of buyer nonpayment.
EXIM supported $530,000 of Healthy Oilseeds export sales from 2016 to 2018.