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Which industry? At the time of this ruling most farms were individual farmers.
Well yeah the land did not go away, it was all gobbeled up by the big players. One could argue it was an industry, even if it was in it's infancy 15 years after the dust bowl. By todays standard, where just one man owns 12% of US farmland it may seem like peanuts but these southern plantations were/are impressively huge.
I see, at this point there were already large tenant and share croppers (former slave owning plantations) who did not reap the supposed shared benefits of the AAA.
It seems the idyllic American farmer hasn’t existed for longer than I’d imagined.