Tuesday, September 21, 2010

Even during recession, hunting remains bulletproof industry

Hunting is proving to be recession-proof.

Nationwide, spending on hunting gear is soaring, says the National Shooting Sports Foundation, which tracks hunting trends.

Companies that make, distribute or sell sporting firearms, ammunition and supplies generated $27.8 billion in economic activity in 2009, vs. $19.1 billion in 2008, says the group's 2010 Firearms and Ammunition Industry Economic Impact Report. Those companies paid $450 million in excise taxes in 2009, up 38% from 2008, the report shows.

"During difficult times, people are looking for ways to cut down on costs and save as much money as possible," says Chuck Schlueter, spokesman for South Dakota's Game, Fish and Parks Department. "Hunting helps on the grocery bills."...

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