Yep definitely possible.Yes, it's entirely possible, even probable, for your 700 to have a very long throat. The general rule for a .30:06 is to have .30" of the bullet's bearing surface contacting the neck. If this isn't the case, then seat the bullets further until adequate bullet/neck contact exists.
Another option, though it's probably not going to meet your ideal, is to use heavier (longer) bullets or ones with a shorter boattail.
I recently measured a 700 chambered in 308 Winchester, and with 169 grain SMKs, the COAl to reach the lands is 3.010", which is way beyond an acceptable loaded length.
My 700 5R Milspec .308 seats Berger 175 VLDs at 3.050 to touch the lands. Still shoots them at 1/2" typically.
don't get hung up on touching the lands. Just start at SAAMI length and work out from there.