Milk payment parameters are used to determine the value of a farm’s milk to the Co-operative and can result in each farm being paid slightly differently per milk solid, relative to the Co-operative average.
These parameters currently include the fat and protein composition of the milk, volume, and achievement of Te Pūtake (Step 1) and Te Puku (Step 2) under The Co-operative Difference.
The Co-operative Difference Payment is made at the end of the year in the final retro payment.