Farm Prices Collapsing?

Prices for corn and soybeans in the US have fallen recently, by 40 percent or so if I remember correctly.  But what struck me in today's Farm Policy was this succession of notes:

"The French government said Wednesday that it would provide aid for the country’s farmers, in a bid to appease fruit and vegetable producers whose frustration with falling revenues has culminated in violent protests." (from WSJournal article)

“Cotton futures fell to their lowest level since October 2009 on Wednesday, as investors worried about a growing global glut." (from WSJournal article)

“Global milk prices have fallen more than 40 per cent in 2014 from record highs last year. Strong production globally, high inventory levels in China and a supply glut caused by Russia’s ban on milk imports from the EU have prompted the decline.”(from Financial Times article) (New Zealand has been hit and the NYTimes has a piece on Lithuanian dairy farmers hurt by the Russian ban.)

Of course the good news for animal farmers is that the cost of feed will be down.