The area around Ringarooma is known for dairy farming and timber harvesting.

The district was opened up to farming in the 1860s, and the town itself was founded in 1882 when a rural property was subdivided into lots by landowner Christopher Krushka.

[2][3] Ringarooma is believed to be an Aboriginal word meaning happy hunting ground.

[5] Primarily a dairy town, in 2017 Ringarooma was named the "Legendairy Capital of Tasmania".

[6] Today, Ringarooma is a small town surrounded by dairy farming and timber harvesting country[4] near mountains such as Mount Victoria and Ben Lomond.