Tree huggers and stump lovers can work together and thrive in a principled system of private property rights. Let the 1000 flowers bloom. Now that there are private herds, they thrive and the species is strengthened. The same can be done for all rare animals, including whales, birds, turtles, whatever. They can be bred for their herd instinct, electronically marked and protected.
Laws create black markets and prices skyrocket.
Once politicians and lawyers get out of the way, ecologists and livestock owners have common interests. Other companies, insurance, stock and bond holders, groups and individuals will get the hint and not want to risk arbitration, loss of good will, etc. A classic example was napalm and Dow Chemical during the Vietnam War. Dow got the message loud and clear. Water use can operate on private property principles.