Wildlife prices are tumbling in South Africa, as game breeders are squeezed by restrictions imposed on trophy hunting following the killing of Cecil the lion in 2015, and the worst drought on record forced farmers to sell animals.
The average price of a buffalo bull fell 71 percent, to 95,704 rand ($7,336), in 2016 and is now a fraction of the record 2.1 million rand set in 2013, according to Vleissentraal, an auction house. Prices of golden wildebeest, black impala and kudu bulls dropped 60 percent to 80 percent.
A record 1,020 rhinos have been killed by poachers for their horns in South Africathis year, more than all of 2013 and triple the number four years ago.
South Africa, home to most of the world’s rhinos, said while it’s seeing success in slowing the increase in the rate of rhino poaching, it’s considering advocating the legalizing of rhino-horn trade to stop the killing of the animals.