Cover: Farming of tigers (Panthera tigris) has been proposed as a disincentive to illegal trade that is decreasing the abundance and distribution of tigers in the wild. In this issue, Kirkpatrick and Emerton (pp. 655–659) examine the economic rationale for tiger farming. In theory, the pro. tability of poaching will decrease as availability of tigers increases. Given the consumer preference for wild tigers and price controls by traders, however, farming actually may increase demand for wild tigers and lead to a greater incidence of poaching.