A bad frost is expected to have caused significant damage to grain and grape crops in central-west New South Wales.
Temperatures on farms to the south-west of Cowra plummeted to minus 4.7 degrees early on Tuesday morning.
Elders agronomist Mark Hinderager says the full extent of damage won't be known until harvest in a few weeks' time.
"Yeah, this is a bad frost. (We were) especially not expecting a middle of October frost," he said.
"A bit pie in the sky right now, but probably a 40 to 50 per cent average (loss) with that kind of frost."
© 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.