I used to have farms 2.5 hours away. No way could I keep up with it. If I wanted it done right (because I'm particular) - I only wanted to do the work myself. which created way too much driving. That was a decade ago+. I had farms close to home and farmed them & scattered in 5 counties - all were a reasonable drive though, sounds like a vast area but it really wasn't. That also got to be impossible to manage - the tractor rides alone between em wore me out. just an immense amount of work and headache.
Hypothetical made up example.... 800 acres in one tract or ten 80's all over - my "made up example".... You'd likely have more big bucks over all on ten 80's.... But the work on 800 vs ten 80's... OMG.... Ok, all those locations alone would make the ten 80's almost impossible. So, likely compromise there would be two 300 acre farms and a 200 for EXAMPLE.
Now, I'm close to home, few larger farms.... Ok, still an insane amount of work. Ok, nevermind - I have no good answer. I guess my answer is, I don't know, I do love what I have, it's a lot of work and I'm dang glad it's close to home. One dynamic that REALLY changed things for me.... Having kids and the schedule just getting filled to the max with work & fam stuff, etc. So, simpler = better. Now, if time & work wasn't an issue & say $ wasn't an issue - if all a guy's goal was: to have as much ground to kill giants..... Several giant farms, the more the better, would OBVIOUSLY be the way to do this. Is it a reality for even 1% of people? No. It's nice to have different spots, different deer herds, different scenery for sure though. XYZ farm will always have years with "no shooters", maybe EHD hits, you need to spread pressure out, etc. Even one gigantic farm could have a guy having a difficult season if all the eggs were in that basket and things were bad that year. So many variables on $, time, work, headaches, etc. Close drive to home, for ME, is a must though, but that's just me.