Taiwan is an island surrounded by vast open sea. The impacts of typhoon on fish farms located near shore are usually tremendously severe and cause a variety of difficulty in developing a profitable cage aquaculture industry. Thus it is often regarded as one of highly risky ventures for fishermen. While Tai Ping Island is located at the tropic zone, the south most territory of the Republic of China, rendering a superior farming site for cage culture due to its clean water quality and nonexistence of typhoon. This study evaluates the possibility of establishing a series of cage culture in Tai Ping Island and estimates its economic feasibility according to the information obtained from Penghu cage farmers. Since Tai Ping Island is a military base, it is still prohibited for public visit at the present moment. Once the operation of offshore cage aquaculture at the Tai Ping Island is established, it may inspire other cooperates associated with the fishery industry to cluster on the Island. The researcher has served at the coastal guard office in Tai Ping Island for a year and thus quite familiar with land-based facilities, surrounding marina, and ecosystem etc. Through past experience in protecting cage farmers knowing that good farming site is relatively important for cage culture to success, this study intend to offer a good farming site to fish farmers in Taiwan. It is anticipated that a prosperous fish farming industry will develop in the near future.