At a minimum you are missing that deer reproduce.Ok I am trying to rationalize this. Just using numbers for leases around me. 500 acres will have 8 people each paying roughly 1,200. On that 500 acres there are probably 30 deer (estimate around me is 40 deer per 660 acres). If everyone kills( does or bucks) 1st couple of years, then your heard is practically gone...and the leases that join up to your lease is doing the same, there are no future for the herds. What am I missing, the hunting lease is the biggest Ponzi scheme ever...