Figure I shredded a belt today?

Was hauling my first picking of corn up the hill to blanch and freeze. Suddenly lost power and smelled something funny and came to a stop. Rolls but won’t Rev up and does nothing in gear. Noticed a bunch of shredded looking fibers like carpet fibers all around the clutch housing. Haven’t pulled it apart, but pretty sure it’s the belt and it’s got everything in there all wrapped up. Gonna pull it apart in the next few days. Hopefully no other damage cause I have a lot of money in the clutch setup.