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.[1] 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.[2]