Screenshots

Description

Milkpay is a calculator for use with the six United States Federal Milk Marketing Orders (FMMOs) that pay for milk produced, based on the weight of components in the milk. Milk from these Federal Milk Marketing Orders represents 54% of the milk produced in the U.S. The payment is based on the quantity of Milk Protein, Butterfat, and Other Solids multiplied by the values set by the Federal Milk Marketing Orders Board for each component. These prices are updated every month, at the end of the month, and are the same for all six of the FMMOs that pay on components. In four of the FMMOs, there is also a premium for having a somatic cell count that is below 350,000 cells per milliliter.

The producers also receive an adjustment, which is calculated every month by each of the Federal Milk Marketing Orders, called the producer price differential. This differential is updated monthly by the middle of the following month. Each of the six FMMOs has a different value for their producer price differential.

The Milkpay calculator can be updated automatically for the latest component prices, somatic cell count premium, and producer price differentials. With these current values, the financial value of the milk components can be quantified to determine milk revenue. Changes in components and feed costs can be incrementally evaluated. The cost of the feed changes can also be included in the calculations to quantify Income Over Feed Cost (IOFC) and Return on Investment (ROI) from these changes.

The current production and adjusted production can also be compared based on Fat Corrected Milk, Energy Corrected Milk, and Revenue Corrected Milk calculations. The values for each are also calculated. The calculations are based on USDA energy and financial values and standardized at 3.5% Milk Fat, 3.0% Milk True Protein, and 5.7% Other Solids.

The results can be viewed on screen and can be sent by email and saved for future reference.

The calculator provided by Adisseo is for use by those in the dairy industry. Adisseo is the manufacturer of Smartamine® M and MetaSmart® methionine for ruminants. The calculations are estimates based on the data entered. Neither Adisseo, its agents, salesmen nor its employees make any warranty about the accuracy or results of numbers used in the calculations.

What's New

Version 1.6

Updated to 64 bit for IOS 11

Ratings and Reviews

Milkpay App

Milkpay User

This is a very handy app for evaluating ration changes. Always accurate and very quick. I like the fact that I can do a calculation anywhere and email the results to my customer and myself.

Me

Why can't I get a nickname?

This is a great tool to estimate the economic impact of changes in milk volume or composition when you adjust the diet fed to the cows. It is great to have this available so you can run different scenarios and make a better decision on site

Great tool for dairy consultants to measure profitability of dairy formulations

PattiKay0507

Milk-Pay Calculator help dairy nutritionists evaluate the economics of formulation changes and provides current ROI feedback. Check out the Milk-Price Blog monthly for concise, informative dairy market overview!

Information

Seller
Adisseo USA Inc.
Size
2.1 MB
Category
Business
Compatibility
Requires iOS 9.3 or later. Compatible with iPhone, iPad, and iPod touch.
Languages
English
Age Rating
Rated 4+
Copyright
© 2012 - 2017 Adisseo
Price
Free

Supports

  • Family Sharing

    With Family Sharing set up, up to six family members can use this app.

More By This Developer

You May Also Like