A method for monitoring a cable of an implement system. The implement system includes a drilling device, a tensioning device and the cable, the cable coupled to the drilling device and the tensioning device in a taut configuration to define a first length. The method includes determining, by a controller, an increment in the first length of the cable. The method further includes comparing, by the controller, the increment in the first length with a threshold value; and generating, by the controller, a warning signal if magnitude of the increment is greater than the threshold value.