It's been held for 108 years but this year's Devonport Show has been scrapped, as uncertainty continues around other agricultural shows in Tasmania.
Increasing costs and dwindling attendance have contributed to the decision, which was made at a special meeting on Monday night.
Show society president MaryAnn Hortle said it was a tough call.
"The Devonport Agricultural and Pastoral Society first and foremost is a business and the executive have had to make a business decision that there wasn't enough financial certainty around running the Devonport Show," she said.
"We're like any business, you can't run up bills without the knowledge you're going to be able to pay those bills.
"Therefore we made the very difficult decision to not hold the show for this year."
The show was scheduled to be held in December.
"We're not sure what the local community want, we're getting very mixed messages," Ms Hortle said.
"We look at trying to do something that we think is agricultural because that's what it is but we also have to face the reality that we're in a small city and what do the small-city people who might attend the show want to come and see.
"I'm not sure in this day and age whether the actual residents of Devonport city itself see that importance of the show."
The staging cost for this year's show was expected to be $60,000.
Organisers focus on next year
Earlier this month, organisers warned the show may not go ahead if they could not secure a new major sponsor.
"We got absolutely no contact from anyone after that previous media release," Ms Hortle said.
But there is optimism the show will be held in 2018.
"When we made the decision to cancel this show it was certainly not with the intention of not having a show in the future, that is not part of our planning at this stage," Ms Hortle said.
"There is no thought at this stage of not having a show in 2018."
Other shows feel financial pinch
The future of the Launceston Show is also in doubt with organisers expected to make a decision about the event in coming weeks after dwindling crowds and increasing overheads over recent years.
"I certainly hope shows aren't becoming a thing of the past, I think they'll always have a relevant place in the local community, it just has to be the right thing for the current times," Ms Hortle said.
The decision sparked a mixed response on the ABC's Facebook page.
"Oh how sad ... families simply don't have the money to attend every show ... should perhaps be one big show (i.e Agfest Field Days, Tasmania) per year?" wrote Suzie Lee.
"The show does not compare to when I was a child. They were amazing and so much to do, everything was at a minimal cost and people could afford to go," said Kerri Spurr
Maddy Young posted: "Let's face it the city show just doesn't cut it anymore."
Ms Hortle said it was unclear what would happen with the public holiday slated for show day but a concert featuring country music stars the Wolf Brothers would go ahead on December 2.