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Tasmania offers opportunities for investment in a wide range of agriculture and aquaculture-based industries. Investors in Tasmania's food industry benefit from a number of competitive features including:
- an international reputation for quality, with many products commanding premium prices
- overseas food and beverage sales into established markets earn Tasmania more than A$527 million a year
- easy access to the Australian market and niche export markets, particularly in Asia
- the ability to supply out-of-season fresh produce including fruit, vegetables and flowers to northern hemisphere markets
- island isolation, resulting in an absence of major pests and diseases, enabling the strict control over use of residue pesticides
- a temperate climate, clean air, rich soils, reliable rain and clean surrounding oceans.
There are many opportunities for investment in food production and value-adding processes for both agriculture and aquaculture products. Tasmania has rich and varied marine resources and a sophisticated aquaculture industry. Aquaculture products now challenge the wild fisheries in terms of economic performance. Premium products include rock lobster, farmed Atlantic salmon, trout and Pacific oysters, wild and farmed abalone and scallops. Opportunities exist for other species to be commercialised.
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. A diverse range of products including confectionary, cheeses, milk and butter are exported.
Tasmania is also a leading producer of fresh vegetables for niche international markets. Processed vegetables are produced for the fast food industries including frozen french fries and green peas. The state has an enviable reputation as a producer of premium meat and smallgoods. The quality of Tasmania’s produce and the purity of the water make it the ideal location for firms involved in processing premium food and beverages.
The Tasmanian Government, through its Cultivating Prosperity: A 2050 Vision for Agriculture policy, is putting the State's primary industries on the path to achieving a ten-fold increase in the value of the sector by 2050.
The Department of State Growth provides project facilitation and investment attraction services to companies involved in the food and beverage sector in Tasmania. The department provides a range of assistance services to new projects, such as, but not limited to:
- working with industry and other government agencies in industry development planning
- addressing business environment issues
- advice on planning procedures and licensing requirements
- hosting potential investors
- referrals to potential suppliers, customers, local experts and infrastructure providers.
For further information on the food and agribusiness sector:
Department of State Growth
Phone: 1800 030 688
Fax: +61 3 6233 5800
Tasmanian Farmers and Graziers Association
Tasmanian Agricultural Productivity Group Limited
Fruit Growers Tasmania
Tasmanian Salmon Growers Association Limited
Tasmanian Department of Primary Industries, Parks, Water and Environment