sissyhunter, the ad valorem tax man doesn't care if a rancher turns a profit or not--but the rancher either pays his school taxes or learns all about foreclosure and the sheriff's tax sale.
To people in ranch country, who generally have concern for their neighbors' well-being, ethics and coyotes are about like ethics and mosquitos, flies and cockroaches. There aren't any.
So call this a reality check. There is no correlation whatsoever with the ethics and morals of hunting game animals.
You're from BATFE? Come right in! I use all your fine products!