In France, two new kinds of flood management policies are promoted: floodplain restoration and vulnerability mitigation. Few experience feedback exist on these policies but they may have strong impacts on farms. Flood management on Rhône River is highly illustrative of these policies and local authorities would like to appraise the efficiency of these policies with an economic tool (Cost-Benefit Analysis) to help decision making. But the current methods of flood damage modelling do not make the appraisal of these policies possible; mainly because they do not take into account the organizational and temporal dimensions of damage formation and propagation at farm scale. After a presentation of the Rhône River context and policies, we review existing methods of flood damage modelling for agriculture and show the interest to focus on the farm scale instead of land plot scale. Based upon the theoretical frameworks for systemic approach, we detail the construction of our conceptual model of farm vulnerability before presenting a case study that shows how the model can be implemented to compute flood damage at farm scale. Finally, the outlooks concerning the use of the model to appraise vulnerability mitigation policies and its application at regional scale are developed.