Farmers prospered during ww1, but suffered the most after war. Income of farmer was $275 whereas national average was $750. 1928, 50% farmers living in poverty
Main reasons farmers suffered during boom:
Overproduction- producing more than needed
New machinery- food more accessible price drops farmers make less money
Debt from banks - borrowed money in order to survive, by 1929, in crippling debt of $2 billion, forced to sell farms, roughlu 600,000 farmers losing land in 1924 alone.