Article 1
1. Union aid shall be available to eligible applicants reducing cow milk deliveries for a three month period, hereinafter referred to as ‘the reduction period’, compared with the same period in the previous year, hereinafter referred to as ‘the reference period’, under the conditions laid down in this Regulation. Union aid shall be fixed at EUR 14/100 kg of cow milk for the volume corresponding to the difference between the cow milk delivered during the reference period and the cow milk delivered during the reduction period. Union aid shall not cover more than a total volume of cow milk delivery reduction corresponding to EUR 150 000 000. Per eligible applicant, Union aid shall cover a quantity of cow milk delivery reduction that is no more than 50 % of the total quantity of cow milk delivered to first purchasers in the reference period. 2. For the purposes of this Regulation, ‘eligible applicants’ means milk producers who delivered cow milk to first purchasers in July 2016. 3. In respect of eligible applicants established in Bulgaria, the Czech Republic, Denmark, Croatia, Hungary, Poland, Romania, Sweden and the United Kingdom, the operative event for the exchange rate as regards the amounts paid under this Regulation shall be the date of entry into force of this Regulation. 4. The aid provided for in this Regulation may be cumulated with other support financed by the European Agricultural Guarantee Fund and the European Agricultural Fund for Rural Development.