The latest Rabobank Rural Confidence Survey has found Tasmanian farmers have recorded their highest confidence readings in six years.
The continuation of historically high beef and lamb prices and positive opening milk price contracts for the year ahead had bolstered business sentiment.
Rabobank's Tasmanian regional manager Stuart Whatling said all factors had supported farm business confidence over the past quarter, and an ideal combination of seasonal and pricing conditions set up the state's farmers.
Mr Whatling said the beef, lamb and dairy sectors were "benefitting from every influence - good prices, good seasons, low-interest rates and an extremely favourable outlook.
"Beef prices continue to break records, and we are continuing to see big investment intentions in that sector," he said.
The survey results revealed 98 per cent of the state's farmers expect the excellent business conditions to either continue or improve in the year ahead.
Dairy farmers were the most positive, with more than 82pc expecting conditions to improve over the year ahead - a huge jump from the 27pc cent with that view in the March quarter.
North-West Saleyard Development committee chair, Forth's Mike Badcock, said he felt Tasmania was "on a roll.
"I think it's been the best-kept secret for a long time - we have a lot of natural advantages here," Mr Badcock said.
"At the moment, one of our natural advantages is our reliability and quality of our product."
Mr Badcock said the Dairy Code of Conduct had evened the bar on milk prices, allowing the farmer to be rewarded for his or her efforts.
"That's gone part of the way to boosting confidence, plus we've also had some fairly good seasonal conditions for farming."
Money spent on irrigation projects was now bearing dividends.
"That's giving farmers a lot more reliability - they know they have water and are able to use it."
He said overseas and Australian investors were also attracted to Tasmania.
Gary Clarke, East Ridgley, who breeds and runs Herefords, said he felt the good times were set to continue.
"The branded product that's coming out of Tassie, as far as beef goes, fills you with a fair bit of confidence that it will go on," Mr Clarke said.
"Years ago, you would have a splash and dash - a peak - then it would fall flat on its face."
He said Greenham, in particular, had done a "magnificent job" on marketing.
"The confidence, all round, seems to be quite substantial here now.
"You are even seeing some of the smaller dairy guys who are putting beef in, because they can see a future in it."
He turns off about 150 head of cattle a year and said he could remember selling stock for 350 cents a kilogram.
"I thought I had done a hell of a job, once, when I got a small contract with Coles and got 400c/kg; I was doing cartwheels.
"Now its up on 730c/kg, which is the last quote I got."
Confidence meant farmers could repair fences or change over equipment, such as tractors.
"You can do jobs you couldn't do before," Mr Clarke said.
There didn't appear to be any dark clouds on the horizon.
"The Free Trade Agreement with the UK gives a little bit more confidence, because we are not going to be a bulk supplier, by any stretch of the imagination," he said.
"What we are going to supply will be top end beef, where there is a mark up."
Cody Korpershoek milks 1600 cows on two farms in the Smithton area.
"The stability around the high prices is the main thing; in the past, prices have been up and down, but for three or four years, they've been more consistent," Mr Korpershoek said.
"We have been very spoilt for the weather, this year we have had a magnificent season."
Mr Korpershoek said a lot of farmers were expanding their business.
"It just makes it a bit more enjoyable; you don't have the pressure of how are you going to pay the next bill."
Interest rates were down and input costs were also low, while there was an abundance of grass.
"Everything seems to be in our favour," he said.
The survey found no Tasmanian beef, sheep or dairy farmers were expecting conditions to worsen over the year ahead.
And a third of the farmers surveyed intended to increase investment in their businesses over the coming year, with ongoing spending on irrigation schemes a high priority for many.