council regul ec decemb establish agrimonetari arrang euro council european union regard treati establish european commun articl thereof regard propos commiss regard opinion european parliament regard opinion econom social committe regard opinion monetari committe council regul ec introduct euro januari currenc member state particip econom monetari union euro agrimonetari arrang provid basi council regul eec decemb unit account convers rate appli purpos common agricultur polici council regul ec june regul compens reduct agricultur convers rate nation currenc council regul ec decemb regul compens appreci reduct agricultur convers rate januari council regul ec april determin measur compens relat appreci revalu affect farm incom essenti consist system specif agricultur convers rate actual exchang rate currenc system incompat introduct euro agrimonetari arrang adapt situat establish regul lai agrimonetari arrang repeal present monetari situat gap exchang rate agricultur convers rate moder establish simpler agrimonetari system closer actual monetari situat convers nation currenc particip member state price amount fix euro legal instrument relat common agricultur polici exchang rate euro currenc provis advantag consider simplifi manag common agricultur polici rate exchang euro nation currenc vari period oper carri rate applic amount concern determin gener account event econom object oper attain rate exchang appli date event occur oper event waiv applic observ criteria rapid currenc movement pass case major currenc revalu potenti effect price amount direct aid farm incom condit reduc consequ provis justifi made temporari degress aid offset effect revalu pace develop agricultur price manner compat rule gener economi specif rule adapt type aid requir offset effect major currenc revalu level direct aid nation currenc arrang financ compensatori aid provid financi contribut european union member state longer term agricultur sector adjust sector economi monetari realiti cut date set compens arrang set cut date part budgetari disciplin reason dictat special rule laid deal except situat aris european union world market requir action ensur arrang establish common agricultur polici oper effect member state particip econom monetari union option make payment expenditur result legal instrument relat common agricultur polici euro nation currenc step ensur option lead unjustifi advantag parti make receiv payment provis made possibl interim measur facilit introduct agrimonetari arrang adopt regul articl purpos regul legal instrument relat common agricultur polici mean legal instrument base directli indirectli articl treati except common custom tariff legal instrument custom legisl applic agricultur industri product legal instrument applic good process agricultur product subject specif trade arrang particip member state mean member state adopt singl currenc accord treati particip member state mean member state adopt singl currenc nation currenc mean nation currenc particip member state countri exchang rate mean currenc market exchang rate euro nation currenc appreci revalu mean situat annual averag exchang rate threshold defin lowest averag annual convers rate appli preced year exchang rate januari appreci part revalu mean percentag annual averag fall short threshold refer point articl price amount fix legal instrument relat common agricultur polici express euro grant collect euro particip member state member state convert nation currenc mean exchang rate prejudic articl grant collect nation currenc amount relat import export tax fix euro legal instrument relat common agricultur polici applic member state nation currenc convers rate specif equal rate applic pursuant articl regul eec articl oper event exchang rate complet custom import export formal case amount collect grant trade countri event econom object oper attain case oper event refer paragraph account reason peculiar market organis amount question specif oper event determin accord procedur laid articl take account criteria actual applic adjust exchang rate similar oper event analog oper carri market organis coher oper event price amount relat singl market organis practic effect check applic suitabl exchang rate articl price amount refer articl member state grant compensatori aid farmer case appreci revalu payment made success tranch last twelv month start march month appreci revalu compensatori payment form aid link product product stipul prior period favour type product depend product subsequ period stipul maximum amount tranch compensatori aid establish member state concern accord procedur laid articl multipli appreci part revalu flat rate incom loss determin accord point annex maximum amount tranch reduc cancel take account market situat observ year time appreci revalu aid grant portion amount calcul accord paragraph exce appreci revalu amount paid tranch reduc vi vi level previou tranch amount paid tranch amount paid tranch reduc cancel function effect incom develop exchang rate record begin month preced month relev tranch take account market situat observ period market situat account pursuant paragraph subparagraph paragraph accord criteria amount tranch sector reduc observ year appreci revalu occur period begin preced tranch begin month preced month tranch concern market price member state concern averag equal higher averag market price member state currenc appreci revalu period market price compar index base market price nation currenc euro relat date oper event sector concern date appreci revalu justif conclud revalu impact period consid case point appli reduct refer articl calcul basi amount tranch grant point appli criteria amend light experi accord procedur laid articl articl case exchang rate applic date oper event flat rate aid calcul hectar livestock unit compensatori premium sheep goat amount structur environment natur applic previous member state concern make compensatori payment farmer success tranch last twelv month start date oper event compensatori aid grant form addit aid premium amount refer subparagraph maximum amount tranch compensatori aid establish member state concern accord procedur laid articl accord point annex member state waiv grant compensatori aid amount correspond reduct amount paid tranch reduc vi vi level previou tranch amount paid tranch amount refer paragraph reduc cancel function effect incom develop exchang rate record dai tranch articl appli amount rate lower rate applic twenti month immedi rate effect articl commun contribut financ amount paid compensatori aid refer articl amount grant compensatori aid refer articl member state withdraw nation particip financ aid purpos financ common agricultur polici contribut deem part intervent intend stabilis agricultur market articl except monetari practic nation currenc liabl jeopardis applic legal instrument relat common agricultur polici commiss decid suitabl safeguard measur derog exist legal instrument relat common agricultur polici council member state notifi forthwith measur refer subparagraph member state refer commiss decis council work dai notifi safeguard measur council act qualifi major decis month notif measur question except monetari practic nation currenc liabl jeopardis applic legal instrument relat common agricultur polici commiss virtu power confer instrument individu case derog regul case countri abnorm exchang techniqu multipl exchang rate oper barter agreement countri currenc quot offici foreign exchang market trend currenc creat distort trade articl particip member state decid pai expenditur result legal instrument relat common agricultur polici euro nation currenc member state kind measur euro provid systemat advantag compar nation currenc member state notifi commiss measur plan effect measur effect commiss notifi agreement thereto articl detail rule applic regul adopt accord procedur laid articl council regul eec june common organis market cereal articl regul common organis market agricultur fisheri product articl commun provis introduc similar procedur articl transit measur prove facilit initi applic regul measur adopt commiss accord procedur laid articl remain applic period strictli facilit introduct arrang regul eec ec ec ec repeal refer agricultur convers rate legal instrument relat common agricultur polici januari refer convers rate irrevoc fix council accord articl treati nation currenc unit rate refer articl applic articl regul nation currenc refer repres market rate ecu legal instrument relat common agricultur polici januari refer rate exchang euro refer compensatori aid provid regul eec regul ec deem refer articl regul refer oper event provid articl regul eec deem refer articl regul articl regul enter forc seventh dai public offici journal european commun appli januari articl appli appreci revalu occur januari regul bind entireti directli applic member state brussel decemb council presid molter oj oj opinion deliv septemb publish offici journal opinion deliv septemb publish offici journal oj oj regul amend regul ec oj oj oj regul amend regul ec oj oj regul amend regul ec oj oj regul amend regul ec european parliament council oj oj regul amend commiss regul ec oj annex flat rate incom loss refer articl regul equal sum final agricultur product cereal includ rice sugar beet milk milk product beef veal quantiti product suppli contract impos accord commun rule minimum price produc product refer indent aid premium paid farmer except refer articl regul subtract intermedi consumpt form anim feed impact tax reduct gross ad market price result oper point preced indent deduct forecast eaggf expenditur item full amount flat rate hectar aid half amount structur environment aid sheepmeat goatmeat premium amount refer indent point account sum final agricultur product relev member state product sector concern purpos regul product sector correspond statist aggreg identifi econom account agricultur drawn eurostat group aggreg list cereal rice sugar beet milk milk product beef veal oilse oliv oil fresh fruit veget potato wine must flower nurseri plant pigmeat sheepmeat goatmeat egg poultri flat rate incom loss determin basi inform relat econom account agricultur eurostat calendar year end date appreci revalu indent point indent point budget outturn fail budget draft budget preliminari draft budget relat incom year refer indent point budget year begin market year cereal appreci revalu occur indent point purpos appli point margin case consider inform refer point account relev figur preced year aid refer articl regul calcul function data refer indent point annex