Free: Contests & Raffles.
I think of it the other way around. The distance at which you can hit a paper plate determines your maximum ethical distance. For a rifle it might be 50 yards offhand and 400 yards prone. For a bow it could be 25 yards or 60 yards. The distance shouldn't determine whether or not you hunt but is a limitation on how far you would shoot.
The master hunter standard isn't that high I think. But I shoot a lot also more then most people. I'd say with a bow if you can keep 1" for every 10yards your shooting is good. So 100 yards if you can group 10".