I think "cashing in" is probably closer to the truth. I remember when a deer lease was $5 an acre. Not anymore.
It's only going to get worse. As we speak, billionaires are buying up land like crazy, as it's a sure fire investment as the worlds population continues to grow. And they aren't going to give two craps if you and me like to hunt that property.
I'm extremely lucky to have a few places to go and hunt for free, one for deer which is difficult to find to say the least. I've asked if they had thought of leasing it out, and as of now they have no interest in having strangers hunt there for any amount of money.
Coyotes, well that's a lot easier, but I wouldn't be surprised if that all comes to an end in my lifetime also. The low prices probably actually helps to get access as a lot of guys won't bother going out to get $5 coyotes when fuel is $4 a gallon. I've slowed down also.