2.3.1 Safe to install
Milkpay is a tool designed for calculating payments within the seven United States Federal Milk Marketing Orders (FMMOs) which compensate dairy producers based on specific milk components' weight. This includes Milk Protein, Butterfat, and Other Solids. These Federal Milk Marketing Orders collectively account for 54% of U.S. milk production. The compensation is determined by multiplying the quantity of these components by values established by the Federal Milk Marketing Orders Board. Notably, these values are updated monthly, consistent across the six FMMOs that account for component-based payments. Furthermore, four of these FMMOs offer a premium for maintaining a somatic cell count below 350,000 cells per milliliter.
Producers also receive a monthly producer price differential adjustment from each Federal Milk Marketing Order, updated by the middle of the following month. Each of the six FMMOs has a unique value for this producer price differential.
Milkpay can be seamlessly updated with current prices for components, somatic cell count premiums, and producer price differentials. This enables users to determine the financial value of milk components accurately, facilitating assessments of changes in components and feed costs incrementally. Notably, users can also factor in feed cost variations to calculate Income Over Feed Cost (IOFC) and Return on Investment (ROI) resulting from these adjustments.
The tool allows for comparisons between current and adjusted production figures using metrics such as Fat Corrected Milk, Energy Corrected Milk, and Revenue Corrected Milk calculations which are USDA-based and standardized using specific milk component percentages. All corresponding values are calculated as well.
The results can be conveniently viewed on the interface, emailed, or saved for future reference.
This calculator by Adisseo serves professionals in the dairy industry. Adisseo is known for producing Smartamine® M and MetaSmart® methionine for ruminants. It's important to note that all calculations within are estimations based on input data. Adisseo, its agents, sales teams, or employees do not provide any warranties regarding the accuracy or outcome of the calculations performed.
Overview
MilkPay is a Freeware software in the category Business developed by Adisseo.
The latest version of MilkPay is 2.3.1, released on 05/29/2024. It was initially added to our database on 05/29/2024.
MilkPay runs on the following operating systems: iOS.
Users of MilkPay gave it a rating of 5 out of 5 stars.
Pros
- Facilitates the payment process for milk producers and dairy farms
- Offers a user-friendly interface for easy transactions
- Provides real-time payment tracking and notifications
- Integrates with existing farm management systems
- Has strong security measures to protect financial data
- Supports multiple payment options for flexibility
- Helps improve cash flow for dairy producers by speeding up payment processes
Cons
- Limited availability in certain regions or countries
- Requires internet access, which may be a barrier for some users
- Transaction fees may apply, impacting overall profits
- Dependence on technology means potential outages or bugs can disrupt service
- May require training for users unfamiliar with digital payment systems
- The initial setup process may be complex for some users
Screenshots (Click to view larger)
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