Since we are splitting hairs. When you refer to 5 figure hunts, this has nothing to do with the Ranching for Wildlife Program. You are referring to 2 different things. These same ranches do guide hunters for a fee. I will not disagree that point. This is the last post I will make on the subject. I will not turn this into an argument, just providing for facts for already confusing process.
This being taken from Colorado DOW website:
Species hunted and available to hunters by limited license draw include: Elk, Deer, Pronghorn, Bear, Turkey, Moose, and Bighorn Sheep. Ranching for Wildlife licenses are open to Colorado residents only. The number of licenses on each ranch is determined by negotiations between the landowner and Colorado Parks and Wildlife (CPW). Public licenses on each ranch are available to the public through Colorado Parks and Wildlife's draw process. The hunts are very popular with hunters and it can often require five or more points to draw male or either sex licenses. See the estimated points needed to draw by going to the Participating Ranches page.
Licenses issued for these ranches may only be used on the specified ranch. Hunters obtaining a license to hunt on these private ranches are given access to private property that would otherwise be closed to the public. When agreed to by CPW managers the ranches may impose additional conditions to distribute hunters and harvest across the ranch for hunt quality and harvest management reasons. Ranches may also require the use of guides – but when required the guide service is provided free of charge and tipping guides for free services is strictly forbidden. Some ranches may offer additional optional services such as packing, guiding, or lodging and may charge for these optional services.