The article addresses the history of the ‘Estatuto del Peón’ (peons’ statute or rural workers’ code), one of the most emblematic measures of the so-called ‘first Peronism’. It tries to weigh the importance of this legendary Peronist act for the actors directly involved and in particular to calibrate the magnitude of the Statute's impact on the everyday life and working conditions of Argentina's rural workers. I analyse in detail how the decree was conceived and the novelties it brought in terms of rights and regulations for rural workers. It also uses trial records to explore the implementation of the Statute and its concrete effects, in terms of both working conditions and the juridical protections offered to rural peons.