People of Bangladesh are vulnerable to disasters and have suffered repeatedly due to floods and storm surges, On 15 November 2007,a cyclone sidr struck coastal and central areas of Bangladesh and caused severe suffering to the affected people. The study was conducted with sidr affected farmers of Mollarhat Upazila of Bagerhat district to determine the extent of the problems they faced regarding lack of dwelling house, unhygienic drinking water, outbreak of diarrhoea, cholera, insufficient relief and increased salinity intension etc by the farmers to mitigate the hazardous effects of sidr on their farming systems. One hundred farmers were selected randomly for data collection through pretested interview schedule during March to April 2009. Extent of livelihood assets of the sidr affected farmers was the dependent variable of the study and their selected eight characteristics constituted the independent variables. Most of the farmers (60%) had medium livelihood assets while 20 and 14% of them had weak and strong capacity, respectively. They had the highest livelihood assets regarding natural capital and lowest capacity regarding financial capital. Effective support and long term planning from the GO and NGOs are desirable to overcome the vulnerable situation of the sidr affected farmers.