Industry Analysis & Industry Trends
Stringent government regulations, urban sprawl and migration to cities have limited the overall growth of this industry. In addition, slow demand growth and increased competition have resulted in stagnant profitability for commercial hunters and trappers over the past five years. Consequently, operators have steadily exited this industry. Nevertheless, hunting and fishing preserves, which are attracting avid recreational hunters with strong disposable incomes, will support industry growth over the five years... purchase to read more
Industry Report - Starting a New Business Chapter
Representing barriers to entry for prospective players in this industry are a number of legislative requirements. Hunting and game preserves are required to be licensed by their relevant state wildlife authority. The licensing process may include the payment of a fee and inspection of the property and animals. Establishments are required to have appropriate signage, disease-free animals and thorough record-keeping systems. Commercial trappers are required to use specific animal traps in their operations and usually must pass mandatory training sessions before they become certified to trap in their state.
Initial capital costs can also present barriers to entry for hunting and game preserves... purchase to read more