Tasmania has rich and varied marine resources and a sophisticated aquaculture industry. Premium products include rock lobster, farmed Atlantic salmon, trout and Pacific oysters, wild and farmed abalone and scallops. There are opportunities for other species to be commercialised. Aquaculture products now challenge wild fisheries in terms of economic performance. There are also opportunities to produce agricultural products for Australian and international markets.
Investors benefit from relatively cheap land and high levels of productivity.
A range of specialty field crops has been successfully commercialised in Tasmania. Pyrethrum, opium poppies, essential oils and buckwheat are examples of successful new export crops involving off-shore investment. Trade opportunities have recently been enhanced with the opening of many new markets. Tasmania grows nearly 10 per cent of Australia's vegetable exports and 60 per cent of Australia's apple exports. Tasmania is world competitive in milk production and dairy outputs are rapidly increasing.