Explain how the Agricultural Adjustment Act would prevent the following scenario from occurring in the situation described below.
A drought recently occurred in southern Georgia and wiped out thousands of acres of cotton. The farmers decided to cut their losses and pool together all the crops they could yield and try to salvage their business. Unfortunately, many farmers went out of business and severely upset the crop market the following season.
The agricultural adjustment act would prevent this by boosting the prices of the crops that the farmers had otherwise these farmers would have nothing get paid for if there was a high demand in cotton.
