Mike and Susan McCosker share-farm about 485 hectares on Codenwarra, Emerald, and own the nearby Marathon, where they also flood-irrigate about 160ha.

They currently have two centre pivots on Codenwarra planted evenly to about 240ha of Runner and Virginia peanuts, with the remainder of their country under cotton.

The Runners were planted in early October, making them the first crop to go in the ground in Australia, with the Virginia peanuts planted in late November.

Mr McCosker said they were hoping to make up for two miserable seasons, which saw them harvest back-to-back cotton crops of about five bales per hectare, and a below-par 2011 peanut crop of 1000 tonnes.

While none of their country was flooded last summer, Mr McCosker said the continued wet weather made farming difficult.

He has planted all of his cotton to Sicot 71BRF this year, with the exception of about 40ha of conventional which was re-planted after the window had closed.

Mr McCosker said he was hoping for at least six bales a hectare from this year's cotton crop and about 5t/ha from the peanuts.

However he is not getting ahead of himself, and knows from the experience of the last two seasons how fickle the weather can be.

"We've got a lot of season to go yet," he said.

"We've had really good temperatures, there haven't been any really hot temperatures.

"It's not a special year, the cotton got a start and the stand is not real flash but we'll just be very happy to get a good, solid, average year."

The McCoskers have been growing peanuts on Codenwarra since 1980, and sell their crop to the Peanut Company of Australia at Kingaroy.

Mr McCosker said last year Australia imported peanuts to make up for a shortfall from domestic growers.