 It was designed to support price guarantees for agricultural products, and to maintain minimum wages for farm labourers.However, it proved ineffective; the guarantees were abandoned in July 1921, with the relevant parts of the Act repealed, and the price of wheat crashed from 84"s" 7"d" a quarter to 44"s" 7"d" within one year - a drop of 48%.The Act had established wage committees to fix minimum agricultural pay; these, too, were soon abandoned.