$34 Billion in Damages So Far: Producers begin assessing the impact of Hurricane Helene

Analytics firm, Moody’s says that damage from Hurricane Helene could be upwards of $34 billion!
Right now, emergency crews in six states are working to overtime to assess the damage.

The Tennesee National Guard shared videos to X showing a glimpse of the catastrophic conditions in east Tennessee. They say since Friday aviators and flight crews have been conducting search and rescues, medical evacuations, and the transportation of critical supplies to those in need. So far, their team has successfully rescued 75 people.

They say that they will support fellow Tennesseans for as long as it takes during this recovery period.

The Georgia Ag Commissioner’s office is getting a jump start on assessing damage. Commissioner Tyler Harper says that his office has heard reports of flattened poultry houses, destroyed row crops, as well as dairies and poultry houses without power.

He is stressing the importance of record keeping during this time, telling farmers his message to them is to document, document, document. He says that his office needs as much information as possible to ensure the state can get needed resources and deploy them as quickly as possible.

They are currently in the process of joining states like Florida, North Carolina, and Virginia in getting federal disaster declarations approved.

Ag Secretary Tom Vilsack is reminding farmers it is crucial for farmers to understand the reporting requirements for federal disaster assistance programs.
Livestock, honeybees, and farm-raised fish producers should report their losses by January 30th for the Emergency Assitance Program. For the Livestock Indemnity Program, you should apply within 60 days after the program year.

For crop insurance, contact your agent within 72 hours of damage and follow up in writing within fifteen days. For non-insured crop disaster assistance, producers should notify their service center within fifteen days.

Related Stories
Kansas Congressman Derek Schmidt joins us to discuss House passage of the Farm Bill, its potential impact on farm profitability and stability, key policy compromises, and the outlook for Senate consideration.
The farm bill is still moving, but the toughest amendment fights were pushed into today’s session. ASA President Scott Metzger joins us to discuss the risks of tariff actions on soybean exports, concerns over trade policy and production costs, and the importance of Farm Bill updates.
A more independent UAE could add long-term pressure and volatility to energy markets, affecting fuel and fertilizer costs.
Clean power growth remains strong, but slower deal-making could affect future rural energy and land-use opportunities.
Higher biofuel mandates boost long-term crop demand, but a tighter D4 market may pressure biofuel feedstocks and pose new soybean oil demand risks.