Your Team of Trusted Advisors

 

No matter what challenges confront the agricultural sector, we believe that there are solutions. We know there is (or could be) a product, a service, or a person who can help our farm partners use their available resources more effectively. We are committed to seeking out and making those solutions and connecting our partners to them.

 
And if we can’t find a solution out there, we’ll develop it.

 
RETHINK HOW YOU PURCHASE INSURANCE

One of the surprising things we’ve learned in our experience is that most farmers buy their insurance with the wrong mindset: they imagine a hailstorm or a killer frost that completely wipes out an entire year’s worth of work. But is it really true that you would produce absolutely no crop revenue that year?

Your insurance decisions need to be made in a more logical, systematic way. No matter what type of insurance product you’re considering—Crop Insurance, Hail Insurance, a farm policy, or anything else—we work with you so you understand your insurance options. We evaluate whether or not the money spent on premium is likely to ever be returned to the business—through claims, but also in other meaningful terms, such as satisfying credit agreements or continued enrollment in government programs.

Insurance is a resource that many farm businesses are using ineffectively. Our goal is for you to get the most value from your insurance purchases, spending as little as possible on premiums without sacrificing coverage. Above all, we want you to thoroughly understand your insurance strategy and feel confident that it gives your business the security it needs.

STRENGTHEN YOUR FINANCIAL RELATIONSHIPS

Just Solutions will always seek out ways to connect our farm partners with new contacts who can help them build their businesses. But we also want to help them strengthen the business relationships they already have. This includes the relationship with their lenders—a great example of a resource that, in our experience, is frequently underused.

The Bank Story is a document that summarizes your farm business for a bank or other financial institution. Its goals are twofold. First, it presents your farm in the best possible financial terms, using your own financial data and management strategies. Second, it focuses on giving lenders the specific information they want when evaluating credit capacity. In bringing these two goals together, it helps bridge the gap that sometimes exists between a farm business and a lender, giving each a better understanding of the other’s perspective.

A MORE EFFICIENT WAY TO DEAL WITH LONG-TERM RISK

Just Solutions’ Captive Insurance Structure is specifically designed for large, corporately-structured farm businesses. At its core is the creation of an individual Captive Insurance “Cell”, through which a business can provide itself with insurance. Large corporations have used the Captive Insurance model for years as a way to reduce costs and create security. We have developed a way to take this model and make it work for farm businesses.

What are the advantages to buying insurance through your own Captive Insurance Structure? It typically lowers your insurance costs over time both by cutting the administrative fees hidden in premiums, and by creating a more predictable risk model for insurers. It offers a more effective “safety net” that keeping a reserve of cash, unsold inventory, or unleveraged land. It creates certain advantageous tax situations. It can serve as a new vehicle to secure financing. And, in time, it can generate new investment opportunities for you and your business.

In short, a Captive Insurance Structure is one of the most effective ways to create long-term security within your farm business. We are extremely proud to be the first brokerage to offer this revolutionary structure to Canadian farm businesses.

A CLEARER PICTURE OF YOUR FINANCIAL HEALTH

The balance sheet of a typical farm business does not always give an accurate picture of its financial health. Year-to-year cash accounting keeps a running total of expenses and income, but fails to draw the line from crop income to the direct costs involved in producing that crop. And, if you don’t know exactly how much you make once the crop’s out of the ground, how can you be sure that you’re making the best decisions for your business? Our Gross Margin Analysis splits expenses into three distinct categories: direct production costs (seed, chemical, fertilizer), indirect production costs (labour, machinery, fuel), and the other costs that relate to the operation of the farm (land, buildings, debt reduction). Anything that does not fit into these categories is removed from the balance sheet entirely—if the expense isn’t related in some way to putting the crop in the ground or getting it out, it’s not part of the operation. Each of these broad categories is further itemized on a per-acre cost basis. This allows our farm partners to more easily identify areas where resources are used either inefficiently or not at all. The Gross Margin Analysis is the first crucial step to developing a strategy specific to the farm business in question.

RETHINK HOW YOU PURCHASE INSURANCE

One of the surprising things we’ve learned in our experience is that most farmers buy their insurance with the wrong mindset: they imagine a hailstorm or a killer frost that completely wipes out an entire year’s worth of work. But is it really true that you would produce absolutely no crop revenue that year?

Your insurance decisions need to be made in a more logical, systematic way. No matter what type of insurance product you’re considering—Crop Insurance, Hail Insurance, a farm policy, or anything else—we work with you so you understand your insurance options. We evaluate whether or not the money spent on premium is likely to ever be returned to the business—through claims, but also in other meaningful terms, such as satisfying credit agreements or continued enrollment in government programs.

Insurance is a resource that many farm businesses are using ineffectively. Our goal is for you to get the most value from your insurance purchases, spending as little as possible on premiums without sacrificing coverage. Above all, we want you to thoroughly understand your insurance strategy and feel confident that it gives your business the security it needs.

STRENGTHEN YOUR FINANCIAL RELATIONSHIPS

Just Solutions will always seek out ways to connect our farm partners with new contacts who can help them build their businesses. But we also want to help them strengthen the business relationships they already have. This includes the relationship with their lenders—a great example of a resource that, in our experience, is frequently underused.

The Bank Story is a document that summarizes your farm business for a bank or other financial institution. Its goals are twofold. First, it presents your farm in the best possible financial terms, using your own financial data and management strategies. Second, it focuses on giving lenders the specific information they want when evaluating credit capacity. In bringing these two goals together, it helps bridge the gap that sometimes exists between a farm business and a lender, giving each a better understanding of the other’s perspective.

A MORE EFFICIENT WAY TO DEAL WITH LONG-TERM RISK

Just Solutions’ Captive Insurance Structure is specifically designed for large, corporately-structured farm businesses. At its core is the creation of an individual Captive Insurance “Cell”, through which a business can provide itself with insurance. Large corporations have used the Captive Insurance model for years as a way to reduce costs and create security. We have developed a way to take this model and make it work for farm businesses.

What are the advantages to buying insurance through your own Captive Insurance Structure? It typically lowers your insurance costs over time both by cutting the administrative fees hidden in premiums, and by creating a more predictable risk model for insurers. It offers a more effective “safety net” that keeping a reserve of cash, unsold inventory, or unleveraged land. It creates certain advantageous tax situations. It can serve as a new vehicle to secure financing. And, in time, it can generate new investment opportunities for you and your business.

In short, a Captive Insurance Structure is one of the most effective ways to create long-term security within your farm business. We are extremely proud to be the first brokerage to offer this revolutionary structure to Canadian farm businesses.