Milk pool

{{Short description|Economic system}}

A milk pool is a financial pooling system used by dairy farmers to ensure that all dairy producers receive similar per-gallon payments for their product at or above a legally regulated minimum. Farmers producing milk "of equal quality and composition" will receive the same amount of per-gallon payment regardless of how their product is utilized. Milk pooling allows farmers to reduce the financial risk associated with the milk market.{{cite web | url=http://future.aae.wisc.edu/publications/basic_milk_pricing.pdf | title=Basic Milk Pricing Concepts for Dairy Farmers | publisher=University of Wisonson | work=UW Extension | date=January 2004 | accessdate=August 31, 2013 | author=Jesse, Ed | author2=Cropp, Bob | page=8|archive-url=https://web.archive.org/web/20100614111836/http://future.aae.wisc.edu/publications/basic_milk_pricing.pdf|archive-date=June 14, 2010}} Milk pooling is usually regulated at the state or province level; however in some countries, for example Canada, there exist milk pooling programs that encompass several provinces.{{cite web | url=http://www.cdc-ccl.gc.ca/CDC/index-eng.php?id=3810 | title=Milk Pools | publisher=Canadian Dairy Commission | accessdate=August 31, 2013}}