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Milk chq daily V monthly

  • 24-04-2017 1:44pm
    #1
    duffysfarm
    Registered Users, Registered Users 2 Posts: 853 ✭✭✭


    I was talking to some one who is developing software for a Dairy whereby they are going to make payments to milk suppliers daily rather than monthly. Would this be much of an advantage to suppliers?


Comments

  • #2
    lakill Farm
    Registered Users, Registered Users 2 Posts: 4,735 ✭✭✭lakill Farm


    why would the milk producer go for that idea? they have the monopoly.
    up to 45/50 days credit from the farmer. they aren't going to reduce that to even 5.


  • #3
    Buford T. Justice XIX
    Closed Accounts Posts: 20,633 ✭✭✭✭Buford T. Justice XIX


    duffysfarm wrote: »
    I was talking to some one who is developing software for a Dairy whereby they are going to make payments to milk suppliers daily rather than monthly. Would this be much of an advantage to suppliers?
    Tbh, I can't see it catching on but it would be huge to get even a portion of it every 3 days.

    You would still have to wait for the solids% to be returned before a price is set and even then the soilds% aren't done every collection.

    Even after the solids% are given, a fair proportion of the milk price depends on the quality, Total Bacteria Count below 25 and Thermoduric below 1000 which are only tested for twice a month so are last months figures used and an adjustment made when the second test result is in?

    Afaik, very few farmers are collected/deliver every day but as you can see, it is a lot more complicated than X liters multiplied by a price.


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