Magnetic buoyancy is studied using mean field magnetohydrodynamics. Th
e surfacing velocity is a nonmonotonic function of the magnetic energy
density. Initially it increases with field strength, but then diminis
hes for strong fields. The latter is caused by magnetic tension Which
has usually been ignored in earlier studies of magnetic flux tube buoy
ancy. The buoyancy saturation effect at strong fields substantially we
akens the restriction imposed by buoyancy on cosmic dynamo models. The
buoyancy rise time from the bottom to the top of the solar convection
zone is at least 6 years for fields of arbitrary strength.