In large saucepan, combine broth and water. Add wild rice and onion; simmer 35 to 40 minutes or until rice is tender.

In medium saucepan, melt butter; stir in flour, poultry seasoning and pepper. Cook over low heat, stirring constantly, until mixture is smooth and bubbly. Add milk; cook 2 minutes until mixture thickens slightly, stirring constantly. Slowly add milk mixture to rice, onion and broth mixture, stirring constantly. Add turkey or chicken; heat thoroughly. Garnish with bacon bits.