The Victorian Farmers Federation says drought relief payments are needed in Victoria now.
The new drought aid scheme, agreed to by Australia's agriculture ministers on Friday, places more emphasis on preparing for drought than compensation for farmers.
VFF president Peter Tuohey says it's too late to prepare for drought in some areas of the state.
"When you think of some of the farmers in the north-west of the state at the moment, they've had two pretty tough years and are virtually on the borderline of drought," he said.
"If we happen to go into drought this year, what's going to help them? We can't see anything in this proposal by the Federal Government."
© ABC 2013
16:15 EST The Bureau of Meteorology is warning Sydney and northern New South Wales could be in for another deluge, with a new low pressure system to form off the coast later this week.