For farmers, Florence could not have come at a worse time; crops were maturing, and harvest had only begun. Depending on their production patterns, many farmers have seen several years of financial losses due to low crop prices. This leaves farmers, many of whom have not fully recovered from Hurricane Matthew two years ago, in a weakened financial condition before the hurricane hit.As we write this column, estimates of preliminary losses to agriculture in the affected states range from hundreds of million to billions of dollars. Storm water will need to recede and even then, it will take weeks or more to assess the extent of the damage. What is clear at this point is the nature of the damage.The rain and inundation from nearby streams have combined to cause significant crop losses across the Carolinas. Cotton fields with bolls that were open when the rain started have been rendered valueless while many other fields that were nearing maturity have been damaged by rushing floodwaters. North Carolina, responsible for 50 percent of the national production of tobacco, stands to incur significant losses as the rain and floodwater came during the middle of harvest for many farmers.Peanuts and sweet potatoes, where the harvest product grows beneath the soil, will see significant damage from rot in areas where the waters do not recede quickly. North Carolina is the largest producer of sweet potatoes in the US. This will have an impact on grocery store prices during the prime Thanksgiving and Christmas seasons, depending on the extent of the damage.Corn and soybeans have also shown damage from the rains and flooding, though the price impact at the national level will be minimal.In North Carolina it is estimated that, according to industry sources, at least 3.4 million chickens died as the result of flooding. The North Carolina Department of Agriculture and Consumer Services estimates that 5,500 hogs perished in the floodwaters. North Carolina is second in the nation in pork production. As the floodwaters recede farmers will be left with the cost of the disposal of these animals.The loss of electricity has negatively affected farm operations well beyond the flooded areas. In addition, there has been damage to farm homes and buildings and it will take some time to repair the damaged roads that farmers depend upon.