In 1929 elections, Farmers' Assemblies took 24 seats and Päts served his third term as State Elder from 12 February 1931 to 19 February 1932. It was an ideologically wide coalition with the Estonian Socialist Workers' Party and the centre-right Estonian People's Party. On 26 January 1932, Farmers' Assemblies and the left wing-agrarian Settlers' Party merged to form the Union of Settlers and Smallholders, only to be followed by the formation of the National Centre Party by four centrist parties. Päts's cabinet resigned, making Jaan Teemant the new State Elder.