natgillin/translations-raw huggingface dataset:
kmetijskih proizvodov;
of agricultural products;
(b) za obravnavanje posebnih neugodnosti, ki prizadenejo kmete v sektorju mlekarstva,
(b) to address specific disadvantages affecting farmers in the dairy
govejega, ovčjega in kozjega mesa
, beef, sheep and goatmeat
(c) na območjih, na katerih se izvajajo programi prestrukturiranja in/ali razvoja, da se prepreči opuščanje zemljišč in/ali obravnavajo določene škode za kmete na navedenih območjih
(c) in areas subject to restructuring and/or development programs in order to avoid abandoning of land and/or in order to address specific disadvantages for farmers in those areas
120 in 191
120 and 191
121 in 191
121 and 191
(a) prispevkov za premije za zavarovanje pridelkov v skladu s pogoji, določenimi v členu 69; ali
(a) contributions to insurance premiums in accordance with the conditions set out in Article 69; or
(b) vzajemnih skladov v skladu s pogoji, določenimi v členu 70.
(b) mutual funds in accordance with the conditions set out in Article 70.
zaposlenosti in
employment and
Člen 68 – odstavek 4
Article 68 - paragraph 4
se omeji na
shall be limited to
2,5 % nacionalnih zgornjih meja iz člena 41.
2.5% of the national ceilings referred to in Article 41
Podpora v okviru ukrepov iz odstavkov 1(a)
Support under the measures referred to in paragraph 1(a)
se omeji na
(b) shall be limited to
odstotek, določen s Sklepom Sveta 94/800/ES z dne 22. decembra 1994 o sklenitvi sporazumov, doseženih v Urugvajskem krogu večstranskih pogajanj (1986 – 1994)
a percentage consistent with Council Decision 94/800/EC of 22 December 1994 concerning the conclusion on behalf of the European Community, as regards matters within its competence, of the agreements reached in the Uruguay Round multilateral negotiations (1986-1994)
UL L 336, 23.12.1994, str.
OJ L 336, 23.12.1994, p.
se dodeli v obliki dodatnih letnih plačil,
shall take the form of annual additional payments,
se dodeli v obliki kompenzacijskih plačil, kakor je določeno v členu 70.
shall take the form of compensation payments as specified in Article 70.
Podpora za ukrepe iz odstavka 1 je skladna
Support for measures referred to in paragraph 1 shall be consistent
z drugimi ukrepi in politikami Skupnosti.
with other Community measures and policies.
Komisija v skladu s postopkom iz člena 128(2) opredeli pogoje za dodelitev podpore iz tega oddelka, zlasti z namenom, da bi zagotovila skladnost
The Commission, in accordance with the procedure referred to in Article 128(2), shall define the conditions for the granting of the support referred to in this section, in particular with a view to ensuring consistency
s prehodom na linearno znižanje pravic, dodeljenih kmetom in/ali iz nacionalne rezerve,
by proceeding to linear reduction of the entitlements allocated to farmers and/or from the national reserve,
(a) odstavkov 1(a), (b),
(a) in paragraph 1(a), (b)
ter odstavka 1a(a),
and paragraph 1a(a)
s prehodom po potrebi na linearno znižanje enega ali več plačil, ki se bodo izplačala upravičencem do ustreznih plačil v skladu s tem naslovom
by proceeding, if necessary, to linear reduction of one or several of the payments to be made to the beneficiaries of the relevant payments in accordance with this title
in v okviru meja, določenih v odstavku 1 in 3.
and within the limits set out in paragraphs 1 and 3.
, s prehodom po potrebi na linearno znižanje enega ali več plačil, ki se bodo izplačala upravičencem do ustreznih plačil v skladu s tem naslovom.
by proceeding, if necessary, to linear reduction of one or several of the payments to be made to the beneficiaries of the relevant payments in accordance with this title.
Ureditev zavarovanja
Insurance arrangements
Države članice lahko sofinancirajo premije za zavarovanje pridelka,
Member States may grant financial contributions to premiums for insurance,
če so bili uvedeni ustrezni preprečevalni ukrepi proti znanim tveganjem:
where the relevant precautionary measures against known risks have been taken, designed to compensate for:
primerljive z naravnimi nesrečami;
which can be assimilated to natural disasters;
(b) drugim škodam, ki jih povzročijo vremenske razmere;
(b) other losses caused by climatic events;
(c) ekonomskim izgubam, ki nastanejo zaradi bolezni živali ali rastlin ali napadov škodljivcev.
(c) economic losses caused by animal or plant diseases or pest infestations
V tem členu "ekonomske izgube" pomeni vse dodatne stroške, ki jih ima kmet zaradi izrednih ukrepov, ki jih sprejme za zmanjšanje ponudbe na zadevnem trgu, ali kakršna koli znatna izguba proizvodnje.
For the purposes of this article, "economic losses" shall mean all additional costs borne by a farmer on account of the exceptional measures which he adopts in order to reduce supply to the market concerned or any significant loss of production.
Stroški, za katere se sme odobriti nadomestilo v skladu z drugimi določbami Skupnosti, in stroški zaradi uporabe kakršnih koli drugih zdravstvenih in veterinarskih ali fitosanitarnih ukrepov ne štejejo za ekonomske izgube.
The costs in respect of which compensation may be granted pursuant to other Community provisions and those stemming from the application of any other health, veterinary or plant-health measure shall not be regarded as economic losses
Finančni prispevek,
The financial contribution
odobren na kmeta
granted per farmer
Finančni prispevek znaša 60 % zavarovalne premije,
The financial contribution shall be set at 60% of the insurance premium
ki se plačuje posamezno ali, kadar je to primerno, kolektivno, če je zavarovalno pogodbo sklenila organizacija proizvajalcev.
payable individually or, where appropriate, collectively, in cases where the insurance contract has been taken out by a producer organisation.
Kritje z zavarovanjem pridelkov je na voljo le, če je slabe vremenske razmere priznal pristojni organ zadevne države članice.
Coverage by crop-insurance shall only be available where the adverse climatic event has been formally recognised as such by the competent authority in the Member State concerned.
Vsak finančni prispevek se izplača neposredno zadevnemu kmetu
Any financial contribution shall be paid directly to the farmer concerned
ali, kadar je to primerno, organizaciji proizvajalcev, ki je sklenila zavarovanje na osnovi števila njenih članov.
or, where appropriate, to the producer organisation which took out the contract on the basis of the number of its members
Izdatke držav članic za odobritev finančnih prispevkov sofinancira Skupnost iz sredstev iz člena 68
Member States" expenditure for the granting of financial contributions shall be co-financed by the Community from the funds referred to in
v višini
at a rate of
upravičenih zneskov zavarovalnih premij, določenih v skladu z odstavkom 2 tega člena.
of the eligible amounts of insurance premium set in accordance with paragraph 2 of this Article.
Vendar se za nove države članice znesek iz prvega pododstavka poveča na 70 %.
In the case of new Member States, however, the rate referred to in the first subparagraph shall be increased to 70%.
za bolezni živali in rastlin
for animal and plant diseases
naravne nesreče, slabe vremenske razmere ali
natural disasters, adverse climatic events,
izbruh bolezni živali ali rastlin,
the outbreak of animal or plant disease by way of financial contributions to mutual funds
če so bili izvedeni ustrezni preprečevalni ukrepi
, where the relevant precautionary measures have been taken
Ti skladi lahko dopolnjuje nacionalne sisteme zavarovanja kmetov.
Such funds may be in addition to the provisions of national farmers" insurance schemes.
141 in 205
141 and 205
in evropsko
and European
ali zaradi izbruha
caused by the outbreak of animal or plant
, ali v okviru katerega se povezani kmetje zavarujejo in iz katerega se dodelijo odškodnine kmetom, ki so jih prizadele neposredne izgube zaradi izbruha karantenskih bolezni živali ali rastlin
or for affiliated farmers to insure themselves, by granting compensation payments to such farmers affected by direct losses caused by the outbreak of animal or plant quarantine disease
stroškov, ki nastanejo zaradi cepljenja v izrednih situacijah
, costs incurred as a result of emergency vaccination
ali kakršno koli znatno izgubo proizvodnje.
or any substantial loss of production.
Stroški, za katere se sme nadomestilo odobriti v skladu z drugimi določbami Skupnosti, in stroški zaradi uporabe kakršnih koli drugih zdravstvenih in veterinarskih ali fitosanitarnih ukrepov ne štejejo za ekonomske izgube
Costs for which compensation may be granted in accordance with other Community provisions and those resulting from the application of any other health and veterinary or phytosanitary measures shall not be considered as economic losses
(aa) "slabe vremenske razmere" pomenijo vremenske razmere, ki jih lahko enačimo z naravnimi nesrečami, kakršne so zmrzal, toča, led, dež, gozdni požari ali suša, in ki uničijo več kot 30 % povprečja letne proizvodnje danega kmeta v predhodnem triletnem obdobju ali triletnega povprečja, ki temelji na predhodnem petletnem obdobju, pri čemer se izključita najvišja in najnižja vrednost;
(ba) "adverse climatic events" shall mean weather conditions which can be assimilated to a natural disaster, such as frost, hail, ice, rain, forest fires or drought, and which destroy more than 30% of the average of annual production of a given farmer in the preceding three-year period or a three-year average based on the preceding five-year period, excluding the highest and lowest entry;
(bb) "ustrezni preprečevalni ukrepi" so ukrepi, ki so najugodnejši za zdravje živali in rastlin;
(bb) "relevant precautionary measures" shall mean measures which optimise animal and plant health;
206 in 145
206 and 145
Člen 70 – odstavek 3 – pododstavek 1
Article 70 - paragraph 3 - subparagraph 1
Vzajemni skladi izplačajo finančno nadomestilo neposredno povezanim kmetom, ki so jih ekonomske
The mutual funds shall pay the financial compensation directly to affiliated farmers who are affected by economic
ali neposredne
or direct
Izdatke držav članic za finančne prispevke sofinancira Skupnost iz skladov iz člena 68
Member States" expenditure on the financial contributions shall be co-financed by the Community from the funds referred to in
zneskov, upravičenih po odstavku 4.
of the amounts eligible under paragraph 4.
Vendar se za nove države članice znesek iz prvega pododstavka poveča na 70 %.
In the case of the new Member States, however, the rate referred to in the first subparagraph shall be increased to 70%.
Če za proračunsko leto glede na oceno odhodkov, izvedeno v skladu s sistemom opozarjanja iz Uredbe (ES) št. 1290/2005, ostane v razdelku 2 finančnega okvira vsaj 600 000 000 EUR, se ta znesek, od katerega se odšteje marža, da na voljo za posebne pomoči proizvajalcem mleka.
Where the expenditure forecast carried out in accordance with the early-warning system in Regulation (EC) No 1290/2005, indicates that a margin of at least EUR 600 000 000 remains in heading 2 of the financial framework for a given financial year, that amount, less the margin, shall be made available for specific aids to milk producers.
Komisija skupaj s predhodnim predlogom proračuna za zadevno proračunsko leto predloži Evropskemu parlamentu in Svetu načrt sredstev za posebne pomoči proizvajalcem mleka.
The Commission shall submit to the European Parliament and the Council its estimate for special aids to milk producers together with the preliminary draft budget for the financial year.
(a) posebno pomoč v skladu s členom 68(1)(b) te uredbe;
(a) specific support in accordance with Article 68(1)(b) of this Regulation;
(b) ukrepe v skladu s členom 20 in členom 36(a) Uredbe (ES) št. 1698/2005, če se ti uporabijo neposredno za pomoč kmetijskim gospodarstvom.
(b) measures in accordance with Articles 20 and 36(a) of Regulation (EC) No 1698/2005, provided they serve directly to support farms.
pomoč odobri proizvajalcem riža, ki spada pod oznako KN 1006 10, pod pogoji, opredeljenimi v tem oddelku.
aid shall be granted to farmers producing rice, falling within CN code 1006 10 under the conditions laid down in this section.
2010 in 2011
2010 and 2011
do 2013
to 2013
Premije za stročnice
protein crop premium
(a) grah iz oznake KN 0713 10,
(a) peas falling within CN code 0713 10;
(b) bob iz oznake KN 0713 50,
(b) field beans falling within CN code 0713 50;
(c) sladke lupinarje iz oznake KN ex1209 29 50.
(c) sweet lupins falling within CN code ex 1209 29 50.
Člen 74b
Article 74b
Pomoč znaša 55,57 EUR na hektar stročnic, ki se poberejo po fazi mlečne zrelosti.
Aid shall be EUR 55,57 per hectare of protein crops harvested after the milky maturity stage.
Člen 74c
Article 74c
Določi se največja zajamčena površina v velikosti 1 400 000 ha, za katero se lahko odobri pomoč.
A maximum guaranteed area eligible for aid of 1 400 000 ha is hereby established.
Če površina, za katero se zaprosi pomoč, presega največjo zajamčeno površino, se površina na kmeta, za katero se zaprosi pomoč, v tem letu sorazmerno zmanjša v skladu s postopkom iz člena 128(2).
Where the area for which aid is claimed exceeds the maximum guaranteed area, the area per farmer for which aid is claimed shall be reduced proportionately in that year, in accordance with the procedure referred to in Article 128(2).
66,32 EUR za tržni leti 2009/2010
EUR 66.32 for marketing years 2009/2010
2011/2012 in 2012/2013
, 2011/2012 and 2012/2013
33,16 EUR za tržni leti 2011/2012 in 2012/2013.
EUR 33.16 for marketing years 2011/2012 and 2012/2013.
Oddelek 3 – členi 77 do 81
Section 3 - Articles 77 to 81
Pomoč se odobri
The aid shall be granted
za največ pet zaporednih let od tržnega leta, v katerem je bil dosežen prag 50 % iz odstavka 1, vendar najpozneje za tržno leto
for a maximum of five consecutive years as from the marketing year in which the threshold of 50% referred to in paragraph 1 has been reached but no later than for
Spremembe 187, 198 in 209
Amendments 187, 198 and 209
Oddelek 6 a (novo)
Section 6 a (new)
Oddelek 6a
SECTION 6A
POMOČ ZA TOBAK
AID FOR TOBACCO
Merila za upravičenost do pomoči
Conditions governing eligibility
Pomoč se dodeli kmetom, ki jim je bila v koledarskih letih 2000, 2001 in 2002 izplačana premija za tobak v skladu z Uredbo Sveta (EGS) št. 2075/92 z dne 30. junija 1992 o skupni ureditvi trga za surovi tobak
The aid shall be granted to farmers who received a tobacco premium under Council Regulation (EEC) No 2075/92 of 30 June 1992 on the common organization of the market in raw tobacco
, ter kmetom, ki so dosegli kvote za proizvodnjo tobaka v obdobju od 1. januarja 2002 do 31. decembra 2005.
in the years 2000, 2001 and 2002 and to farmers who obtained production quotas for tobacco during the period from 1 January 2002 to 31 December 2005.
Plačilo pomoči je pogojeno z naslednjim:
Payment of the aid shall be subject to the following conditions
(b) izpolnjene so zahteve o kakovosti iz uredbe (ES) št. 2848/98;
b) the quality requirements laid down by Regulation (EC) No 2848/98 have been met;
(c) proizvajalec dostavi tobak v listih primarnemu predelovalcu na podlagi pogodbe o pridelavi;
c) the leaf tobacco is supplied by the producer to the first processing undertaking on the basis of a cultivation contract;
UL L 215, 30.7.1992, str.
OJ L 215, 30.7.1992, p.
UL L 358, 31.12.1998, str.
OJ L 358, 31.12.1998, p.
Za kmete, ki tržijo ovčje mleko ali proizvode, ki temeljijo na ovčjem mleku, pa znaša premija na ovco
However for farmers marketing sheep's milk or products based on sheep's milk the premium per ewe shall be
Znesek premije na kozo je
Per she-goat the amount of the premium shall be
(a) "regija" pomeni državo članico ali regijo v državi članici, po izbiri zadevne države članice;
(a) 'region' shall mean a Member State or a region within a Member State, at the option of the Member State concerned,
Države članice, ki uporabljajo shemo enotnega plačila na površino, vzpostavijo nacionalno rezervo, ki vključuje razliko med zgornjimi mejami iz Priloge VIIIa in skupno vrednostjo neposrednih plačil, ki so bila dejansko izplačana v danem letu.
Member States applying the single area payment scheme shall create a national reserve containing the difference between ceilings fixed in Annex VIIIa and the total value of the direct payments actually paid in the given year.
i) izračun znižanja pomoči, predvidene v členu 80(3);
(i) the calculation of the reduction of the aid provided for in Article 80(3);
ii)odobrene medpanožne organizacije, zlasti njihovo financiranje in sistem kontrole in sankcij.
(ii) the approved inter-branch organisations, in particular their financing and a control and sanction system.
Uredba (ES) št. 378/2007 Člen 1 – odstavek 5 5.
Regulation (EC) No 378/2007 Article 1 − paragraph 5 5.
Vendar se zaradi nobene prilagoditve ne bi smela zmanjšati celotna količina sredstev EKSRP, ki so že bila dodeljena programom za razvoj podeželja, kot je določeno v uradni odločbi Komisije, s katero so bili odobreni.
No adjustments should, however, result in an overall reduction in the amount of EAFRD funding already allocated to rural development programmes, as laid out in the formal Commission decision which approves them.
Člen 133a
Article 133a
Komisija izvede študijo, ki ocenjuje sedanje stroške kmetov, ki izhajajo iz usklajevanja z zakonodajo EU na področju okolja, dobrega počutja živali in varne hrane, ter ki presegajo standarde, določene za uvožene proizvode.
The Commission shall execute a study assessing the actual costs for farmers stemming from complying with Community legislation in the fields of environment, animal welfare and food safety, and which go beyond the standards that import products are subject to.
Ta zakonodaja med drugim zadeva uredbe in direktive, navedene v Prilogi II, ki so osnova sistema navzkrižne skladnosti, ter standarde iz Priloge III, ki določajo dobre kmetijske in okoljske pogoje, ki so tudi del sistema.
This legislation concerns, among others, the regulations and directives listed in Annex II underpinning the cross-compliance system, as well as the standards defined as good agricultural and environmental condition (GAEC) in Annex III which is also part of the cross compliance requirements.
Direktiva Sveta 91/676/EGS z dne 12. decembra 1991
Council Directive 91/676/EEC of 12 December 1991 concerning
o varstvu
the protection of
pred onesnaževanjem
against pollution
z nitrati iz kmetijskih virov (UL L 375, 31.12.1991, str.
caused by nitrates from agricultural sources (OJ L 375, 31.12.1991, p.
Direktiva Evropskega parlamenta in Sveta 2006/118/ES z dne 12. decembra 2006
Directive 2006/118/EC of the European Parliament and of the Council of 12 December 2006 on
Direktiva 2004/37/ES Evropskega parlamenta in Sveta z dne 29. aprila 2004 o varovanju delavcev pred tveganji zaradi izpostavljenosti rakotvornim ali mutagenim snovem pri delu (šesta posebna direktiva v smislu člena 16(1) Direktive 89/391/EGS (UL L 158, 30.
Directive 2004/37/EC of the European Parliament and of the Council of 29 April 2004 on the protection of workers from the risks related to exposure to carcinogens or mutagens at work (sixth individual directive within the meaning of Article 16(1) of Council Directive 89/391/EEC)
Člen 3 in členi 4 do 12
Article 3 and Articles 4 to 12
Priloga III – drugi stolpec – naslov
Annex III – column 2 – heading
Priloga III – četrta vrsta – drugi stolpec – druga alinea (novo)
Annex III - line 4 - column 2 - indent 2 a (new)
Po potrebi vzpostavljanje in/ali ohranjanje življenjskega prostora
Where appropriate, establishment and/or retention of habitats
Sprememba 169
Amendment 169
Priloga III – četrta vrsta – drugi stolpec – tretja alinea
Annex III – line 4 – column 2 – indent 3
Ohranjanje krajinskih značilnosti,
Retention of landscape features,
vključno, če je potrebno, z živimi mejami, ribniki, jarki, drevesi (v vrsti, skupini ali posamično) in poljskimi mejnimi pasovi,
including, where appropriate, hedges, ponds, ditches, trees in line, in group or isolated and field margins,
Ohranjanje krajinskih značilnosti
Retention of landscape features,
Priloga III – peta vrsta – drugi stolpec – prva alinea
Annex III – line 5 – column 2 – indent 1
Vzpostavitev varovalnih pasov vzdolž vodnih tokov
Establishment of buffer strips along water courses,
Vzpostavitev varovalnih pasov vzdolž vodnih tokov
Establishment of buffer strips along water courses
skladno z ustrezno skupno zakonodajo o varstvu površinskih voda
in accordance with relevant common legislation on the protection of surface water
Združeno kraljestvo "
United Kingdom
Priloga VIII – Preglednici 1 in 2
Annex VIII
Preglednica 2 *
Table 2
Priloga X – del I – druga alinea
Annex X – part I – indent 2
posebno plačilo za riž iz poglavja III naslova IV Uredbe (ES) št. 1782/2003 in oddelka 1 poglavja 1 naslova IV te uredbe v skladu s časovnim razporedom iz člena 72(2) te uredbe;
the crop specific payment for rice provided for in Chapter III of Title IV of Regulation (EC) No 1782/2003 and Section 1 of Chapter 1 of Title IV of this Regulation, in accordance with the time schedule provided for in Article 72(2) of this Regulation;
Priloga X – del I – peta alinea
Annex X – part I – indent 5
Priloga X – del I – šesta alinea
Annex X – part I – indent 6
pomoč za predelavo lanu, gojenega za vlakna, iz pododdelka II oddelka I poglavja IV naslova I dela II Uredbe (ES) št. 1234/2007 v skladu s časovnim razporedom iz navedenega pododdelka;
the aid for processing flax grown for fibre in Subsection II of Section I of Chapter IV of Title I of Part II of Regulation (EC) No 1234/2007, in accordance with the time schedule provided for in that subsection;
Priloga X – del I – sedma alinea
Annex X – part I – indent 7
premija za krompirjev škrob iz člena [95a] Uredbe (ES) št.
the potato starch premium provided for in Article [95a] of Regulation (EC) No 1234/
in v skladu s časovnim razporedom iz člena 75 te uredbe, pomoč za škrobni krompir iz navedenega člena.
and, in accordance with the time schedule of Article 75 of this Regulation, the aid for starch potato provided in that Article.
Od leta 2010 za države članice, ki ne bodo pred tem sprejele odločitve iz člena 64 te uredbe:
From 2010, where a Member State does not take the decision referred to in Article 64 of this Regulation:
Priloga XI – razpredelnica "Posušena krma"
Annex XI – "Dried fodder" table
Razpredelnica "Posušena krma" se črta
"Dried fodder" table
Priloga XI – razpredelnica "Stročnice"
Annex XI – "Protein crops" table
Razpredelnica "Stročnice" se črta
"Protein crops" table
Priloga XI – razpredelnica "Riž"
Annex XI – "Rice" table
Priloga XI – razpredelnica "Lan z dolgimi vlakni"
Annex XI – "Long fibre flax" table
Priloga XI – razpredelnica "Pomoč za predelavo krompirja v škrob"
Annex XI – "Potato starch processing aid" table
Priloga XI – razpredelnica "Pomoč za pridelovalce krompirjevega škroba"
Annex XI – "Potato starch aid for growers" table
Zakonodajna resolucija Evropskega parlamenta z dne 19. novembra 2008 o predlogu Uredbe Sveta o spremembah skupne kmetijske politike s spremembo uredb (ES) št. 320/2006, (ES) št. 1234/2007, (ES) št. 3/2008 in (ES) št. […]/2008 ( KOM(2008)0306 – C6-0241/2008 – 2008/0104(CNS) )
European Parliament legislative resolution of 19 November 2008 on the proposal for a Council regulation on modifications to the common agricultural policy by amending Regulations (EC) No 320/2006, (EC) No 1234/2007, (EC) No 3/2008 and (EC) No […]/2008 ( COM(2008)0306 – C6-0241/2008 – 2008/0104(CNS) )
ob upoštevanju členov 36 in 37 Pogodbe ES, v skladu s katerima se je Svet posvetoval s Parlamentom ( C6-0241/2008 ),
having regard to Articles 36 and 37 of the EC Treaty, pursuant to which the Council consulted Parliament ( C6-0241/2008 ),
ob upoštevanju poročila Odbora za kmetijstvo in razvoj podeželja ( A6-0401/2008 ),
having regard to the report of the Committee on Agriculture and Rural Development ( A6-0401/2008 ),
Za žita je treba sistem spremeniti, da se zagotovi konkurenčnost in tržna naravnanost sektorja ob hkratnem ohranjanju vloge intervencije kot varnostne mreže v primeru motenj na trgu in za olajšanje odziva kmetov na tržne pogoje.
In respect of cereals the system should be modified to ensure competitiveness and market orientation for the sector while keeping the role of intervention as a safety net in case of market disruptions and facilitating farmers" response to market conditions.