Idaho Admin. Code r. 02.04.05.270

Current through September 2, 2024
Section 02.04.05.270 - DETAILED PRICING DESCRIPTION

On each pay record to the seller, purchasers or procurers of milk or cream must provide the seller with all pricing detail needed to determine the net payment for the product sold. At a minimum, the detail must include the following:

01.Pricing Method and Pounds Purchased. If more than one (1) pricing method is used, the detail must include the pounds purchased at each method. The pricing method may include:
a. The value of each component per pound;
b. The total value of total component pounds;
c. The yield formula type and value of the end product(s); or
d. Fixed pricing type.
02.Total Weight or Volume. If weight is used, it must be expressed by pounds. If volume is used, it must be expressed in U.S. gallons.
03.Component Information. All relevant component testing averages or pounds of solids for each component.
04.Bonuses and Deductions. All quality bonuses or deductions and the applicable quality parameters used to calculate the bonuses or deductions.
05.Hauling Charges. All hauling charges and any applicable surcharges.
06.Other Deductions. All other payment deductions including check-offs, administrative fees, and laboratory fees.
07.Other Factors. All other factors affecting net payment.
08.Availability. Pay records must be made available to the department upon request, and be maintained by the procurer or processor for at least one (1) year.

Idaho Admin. Code r. 02.04.05.270

Effective March 15, 2022