Farmland sales have fallen to a record low in the past 12 months, but value has reached a new peak. 

Data from Ray White shows there just 5 408 transactions last year but farms are sitting at a national median price of around $10 000 per hectare. 

Experts say drought affected farmers are hesitant to put their farms on the market while producers experiencing better seasonal conditions are wanting to hold on to their operations. 

Rural Editor spoke with Elders General Manager of Farmland Agency and Agribusiness investment Mark Barber about the trends.