We own and operate a ranch (with game) but we do not sell hunts, it is for our own management and enjoyment. We have other sources of income to fund it, like the cattle, for instance. Frankly, everything I see in that video, is what I consider "standard business risk". I don't know of any game ranches that have collapsed due to the 'stuff' that guy mentions in the video, but I don't see why he would be lying. Most ranches I know of collapse because someone comes in an offers $80,000 per acre for it and aging owners are happy to be rid of their 300-1000 acre job they've worked on since they could walk.
Otherwise, big game ranches very well might be on the decline, but so what. Business is cyclical as time moves on, so if you have all your eggs in that basket, knowing the risk (and they DO KNOW THE RISK) then, like I said, it's just the cost of doing business. I do know for certain that any time the government gets involved, there is nothing 'fast' about it. If you are over extended on your loans to make your high risk operation viable, then that' just poor business planning. I have no doubt many of those ranches business plan is "bring expensive stuff in and a lot of people will pay a lot to come shoot our livestock." That's the business model. But again, I can kind of see how that novelty is beginning to wear off with CWD issues.
There is a lot of land out there that isn't worth the dirt contained in it's fence lines except for the value of trophy hunting. That did transform a lot of land from being worth a few hundred dollars an acre to 10k+. That could be a problem with LTV if if goes belly up.
Interesting video, nonetheless, and a good topic for discussion, thanks for sharing!