When Beefalo riding first came out, their speed could be increased by a walking cane. Now that is no longer the case. This exploit should be brought back to the game to make beefalo more worth the effort. I think you should be able to go faster riding a regular beefalo while wielding a walking cane. I don't believe this would be too O.P. Beefalo are difficult to domesticate and one of their major benefits is their travel speed. For experienced players, you will typically have a walking cane by the time you can fully domesticate a beefalo. The fact that you can go about the same speed as a beefalo by wielding a walking cane negates a lot of their benefit. If you have obtained both a domesticated beefalo and a walking cane, you should be able to combine them for a larger benefit.
Anyway, that's just my two-cents. Any thoughts?