Read the comments in this thread. The current crisis is generally attributed to the 2008 lifting of CITES restrictions that has allowed African countries to sell their stockpiles to China and Japan.

Some of the most convincing evidence comes from American prohibition of alcohol and the drug wars. Basic economic principles dictate that the supply will expand to meet demand. As the demand is difficult to modulate, the strategy of regulating supply has been historically more effective.

The prohibition created a robust black market which all but disappeared when alcohol production came back into the light by legal means. The same logic should hold true for ivory through farming or artificial production (see several comments to this point above).

The current poaching crisis is generally attributed to the lifting of CITES restrictions in 2008 which let some African countries sell their ivory stockpiles to China and Japan. As a result, the consumption has skyrocketed.

What do you do with a Rhino that has no horn? It can't survive in the wild, and it has no economic value to justify keeping it on a farm.

That doesn't stop poaching. It would only make rhinos extinct in the wild.