In Iran, the history of the scientific study of flood LOSS is not so long and is limited to structural LOSSes. The calculation of agricultural LOSSes due to flood are more difficult to assess, due to its dependence on plant type, plant's strength during flood period, and the coincidence of the flood occurrence with the plant growing stages. In this article, the required functions for determining the expected LOSS with respect to the most important hydraulic parameters and the plant's growing stages are presented for rice. In the case study the two factors of LOSS percent per growing stage (b) and the probability of the coincidence of flood occurrence with different growing stages (a) were used to calculate the expected LOSS. The CCHE was used as the hydraulic model and all calculations were performed in GIS environment. Currently for any flood prone area, the flood LOSS is considered as 100%. While the outcomes of this research illustrates that flooding may even cause no LOSS and one may find points in the flood prone area where the LOSS is zero. The presented procedure can be used as a basis for determining the required criteria for flood risk management and developing a comprehensive insurance program against flood.