Farmers are growing in confidence they will have bumper crops and pastures following widespread rain and claims of one of the wettest starts to August ever.

Australian grain growers face a double bonanza of good harvests and higher prices due to global trouble spots - a worsening drought and wild fires in Russia and crop problems in parts of Europe and Canada.

Local grain growers are cautiously optimistic. They have been caught by short springs before but their hopes for a profitable season are growing.

“It’s not raining money but its raining confidence,” Ryan grain grower Howard Muller said. After planting 360 hectares of monola, 450ha of wheat and 350ha of barley, he was very close to having the moisture probe up to one metre last week.

“That gives me a very comfortable feeling to know we can top dress at this stage with more rain expected in the next couple of weeks,” he said.

Earlier on when Pleasant Hills grower Anthony Male was sowing wheat, “they were saying wheat would be worth zero due to the glut”.

“Last Friday wheat prices were extraordinary, $300 a tonne but they’ve come down a bit,” Mr Male said.

While problems may be on the horizon for moving a big harvest due to lack of infrastructure, Mr Male said farmers are just happy to believe they will have a lot of grain.

NSW Industry and investment district agronomist Janet Walker said “Growers have had a good start to the season, an early break and they will need good rain at the right time in September and October.”

There have been few issues with crops except some water logging on the eastern side of the district and stripe rust has been found in a number of crops from Henty through to Berrigan.

“It is important to monitor all crops for rust this season given the number of new pathotypes over the last few years,” Ms Walker said.