In cases where the exchange rate applicable on the date of the operative event for:
- flat-rate aid calculated per hectare or per livestock unit, or
- a compensatory premium per sheep or goat, or
- amounts of a structural or environmental natureis below that applicable previously, the Member State concerned may make compensatory payments to farmers in three successive tranches lasting twelve months each, starting on the date of the operative event.
Compensatory aid must be granted in the form of an addition to the aid, premiums and amounts referred to in the first subparagraph.
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