We should start raising elephants like we raise cattle. Not sure of the costs. But if you want more of something, start selling it.
The only successful elephant protection strategy has involved assigning ownership of the elephants to local villages, meaning they get a lion’s share of the kill tag from sport hunters. Villages that used to poach the elephants for ruining crops now protect them as a precious resource that means water, schools, all sorts of public improvements plus cash in pocket for the villagers. Poachers are identified and dealt with because that’s money the village won’t see.
The market has a way. The communists can’t really accept that it works.