I guess it depends on how secure you feel in your own woods, and that includes threats from both two-legged, and four-legged varmints. We have approx 140 acres here, with about 100 of it being woods, and the rest cleared, including the ponds. I think everyone's situation is probably different, and one should take the precautions they deem necessary. Indiana doesn't have bears, and I've never seen a badger either, but the skunks, coyotes, cougars, and bobcats are all present, and I have no worries about any of them.
Maybe it has to do with my upbringing. I've lived in, as well as off of, the Indiana woods for many years earlier in life. I'm not afraid of anything it has to offer, and while anything is possible, I would like to believe that any two legged nasties would be observed by me long before they were aware of my presence. But that could be just my hillbilly pride talking, too.
I fished last night, in the rain, until it was too dark to see. Unarmed, and at the very edge of the woods. It never entered my mind that I should feel concerned, or cautious. Perhaps I'm just fortunate to live in the area in which I do.
