Prepare the Stock
Heat the beef stock in a saucepan over low heat. Keep it at a gentle simmer throughout the cooking process to ensure the risotto cooks evenly.
Sauté the Shallots
Melt 3 tablespoons of butter in a nonstick pan over medium heat. Add the finely diced shallots and sauté for 3-4 minutes until soft and fragrant.
Toast the Rice
Add the Arborio rice to the pan and stir frequently for 2-3 minutes. The grains should become translucent around the edges, enhancing their nutty flavor.
Deglaze with Wine
Pour in the dry white wine and increase the heat to high. Let the wine reduce by half (about 2-3 minutes), then lower the heat to maintain a simmer.
Add Stock Gradually
Add ½ cup of warm stock to the rice, stirring frequently. Allow the liquid to be absorbed before adding the next ½ cup. Continue this process for about 20 minutes, or until the rice reaches a creamy, al dente texture.
Prepare the Saffron Mixture
Mix the saffron threads with ½ cup of warm beef stock in a small bowl. Let it sit for 5 minutes to release the saffron’s vibrant color and aroma.
Finish the Risotto
When the rice is cooked, remove the pan from the heat. Stir in the saffron mixture, the remaining butter, grated Parmesan cheese, and minced parsley. Taste and adjust seasoning with salt and pepper.
Serve Immediately
Plate the risotto while it’s hot. Garnish with additional grated Parmesan and fresh parsley if desired.