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A Bear Shoot In the Woods


The combined revenue for hunting expenditures totaled $22.9 billion.

In 2006, 12.5 million people stepped outside to enjoy one of America's oldest pastimes: hunting. According to the U.S. Fish and Wildlife Service, the combined revenue for hunting expenditures totaled $22.9 billion. That includes money spent on travel, licenses, food, and, of course, guns and ammo.

Over 200 companies manufacture firearms in America, and combined, the industry generates over $2 billion annually. Most of the biggest companies specialize in niche markets. Remington, for example, is the nation's oldest gun manufacturers, and makes primarily rifles and shotguns. Smith & Wesson (SWHC), on the other hand, is the nation's largest purveyor of handguns, and brings in $190 million in revenue. Sturm Ruger (RGR) is the only company that specializes in all four categories of firearms: rifles, shotguns, pistols, and revolvers.

Whether or not hunting revenue will remain steady is in question. From 1996 to 2001, the number of hunters in America decreased 7 per cent. Since then, that number has slowed to 4 per cent.

Join Hoofy and Boo as they take a closer look at the business of hunting. Together they aim to answer the age old question "does a bear shoot in the woods?"

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