Queensland Local Government Minister David Crisafulli says heavy rain in the state's north could be devastating for the state's sugar industry.
Parts of the region have received large amounts of rain as a result of ex-tropical cyclone Oswald.
Mr Crisafulli says he will be offering help to affected councils.
"As an industry, it has finally got to the point where prices are reasonable, the crop looks fantastic and this could do a lot of damage," he said.
"So I'll be in touch with local councils and whatever infrastructure issues they have, I'm willing to lend a hand because that should be my role in Government.
"I have spoken with most of the affected mayors up north - at this stage it's heavy rain, we've been through it many times before.
"In terms of the sugar industry, the crop is at a stage where it's very, very precious and too much rain could prove devastating for that crop."
© ABC 2013
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.