The Moira Shire Council is considering passing the cost on to ratepayers to fix Yarrawonga's ailing drainage system.
The council will hold a meeting later this month to present findings of a report into the area's drainage system that estimates repairs will cost more than $600,000.
Director of infrastructure Aaron Drenovski says council is yet to decide whether it will apply for government funding, levy a charge on residents or pay for the repairs out of its capital works budget.
"There's a number of opportunities to improve drainage in that area and there's a number of stages that the consultants have suggested," he said.
"We'll be discussing those opportunities with the residents and seeking a guidance from them as to what they'd like us to present to council.
"Well council has implemented a number of special charge schemes throughout the shire and it is predominantly drainage or road improvements and it is all to do about the benefits, so the benefits that those adjoining residents receive as a result of the upgrade."
The meeting will be held on November 20.
© ABC 2012
15:19 EST Editor's note: This story has been updated to clarify that the higher prices predicted by livestock agent Kevin Currie would be paid for dressed weight and not live weight bullocks, as was suggested in the original story.