MilkPay Calculator for Dairy Industry Professionals
Milkpay is a specialized calculator designed for individuals in the dairy industry, tailored to work with the seven United States Federal Milk Marketing Orders (FMMOs). It calculates payments for milk produced based on the weight of components such as Milk Protein, Butterfat, and Other Solids. These values are multiplied by the set prices established by the Federal Milk Marketing Orders Board each month, with additional premiums for somatic cell counts below 350,000 cells per milliliter in specific FMMOs.
The Milkpay calculator offers automated updates for component prices, somatic cell count premiums, and producer price differentials, enabling users to evaluate milk revenue, Income Over Feed Cost (IOFC), and Return on Investment (ROI). It allows for comparisons between current and adjusted productions using various calculations like Fat Corrected Milk, Energy Corrected Milk, and Revenue Corrected Milk, providing insights for decision-making and financial planning.
User reviews about MilkPay
Have you tried MilkPay? Be the first to leave your opinion!