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MilkPay

MilkPay

by Adisseo

12 ratings
5 reviews
💼 Business
💰 Finance
Free

Details

  • Released
  • Updated
  • October 10, 2012
  • July 10, 2023

Features

Developer

Adisseo
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About

This app calculates the financial value of milk based on component weight and federal marketing order prices. It helps dairy producers quantify milk revenue, evaluate feed costs, and understand income over feed cost and return on investment. Results can be emailed and saved for future reference.

✓Calculates milk value based on components
✓Integrates Federal Milk Marketing Order prices
✓Includes somatic cell count premiums
✓Calculates producer price differential
✓Evaluates feed costs and ROI
✓Compares production metrics
✓Email and save results
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What's New in MilkPay

2.3.1

July 10, 2023

Small app updates to improve user experience.

User reviews

Most RecentHighest RatedLowest Rated

Milkpay App

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.
Milkpay UserMilkpay User

Great App for Calculating Milk Check

What a great app to calculate milk revenue based upon what-if analysis if I amino acid balance....all on my phone!
Bet97Bet97

Me

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
Why can't I get a nickname?Why can't I get a nickname?

Great tool for dairy consultants to measure profitability of dairy formulations

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!
PattiKay0507PattiKay0507

Great product.

Great product. Quick and easy way to calculate the impact of improving milk components.
Horsecrazy38Horsecrazy38

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FAQ

What is MilkPay used for?

MilkPay is a calculator designed to determine the financial value of milk based on its components (protein, butterfat, other solids) and the pricing set by the seven United States Federal Milk Marketing Orders (FMMOs). It helps users quantify milk revenue and evaluate profitability.

How often are the milk prices updated in MilkPay?

Component prices and somatic cell count premiums are updated monthly, typically at the end of the month. The producer price differential is also updated monthly, usually by the middle of the following month, and varies by FMMO.

Can MilkPay help with feed cost analysis?

Yes, MilkPay allows users to incrementally evaluate changes in components and feed costs. It can quantify Income Over Feed Cost (IOFC) and Return on Investment (ROI) related to these changes.

What types of milk production comparisons does MilkPay offer?

MilkPay can compare current and adjusted production based on Fat Corrected Milk, Energy Corrected Milk, and Revenue Corrected Milk calculations. These calculations are standardized at 3.5% Milk Fat, 3.0% Milk True Protein, and 5.7% Other Solids.

What devices is MilkPay available on?

MilkPay is available for iPhone, iPad, and iPod devices. It is compatible with iOS devices.

What is the age rating for MilkPay?

MilkPay has an age rating of 4+, making it suitable for a wide range of users. This indicates it contains no mature content.

How is the accuracy of MilkPay calculations guaranteed?

The calculations provided by MilkPay are estimates based on the data entered. Adisseo, the developer, states that neither they nor their agents make any warranty about the accuracy or results of the numbers used in the calculations.

Does MilkPay have ads?

No, MilkPay does not contain advertisements. The app is free to use without any ad interruptions.