Livestock production, as one of the oldest and most significant human activities, plays a vital role in fulfilling the global demand for human nutrition and other animal-related products while contributing to poverty reduction. However, it is also important to address the environmental impact of livestock animals. Over 60% of the global biomass harvested annually to support human activity is directed towards this sector, raising concerns about its sustainability. In addition to substantial water and fertilizer usage reported in recent years, it is estimated that 14.5% of global greenhouse gas emissions are generated by the livestock sector. Furthermore, the increasing amount of manure resulting from intensive animal farming raises concerns about its disposal and potential water pollution. The degradation of pasture and rangeland is another significant contributor to soil erosion. Multiple approaches are being studied to reduce the environmental impact of livestock production, but a sustainable alternative may be through forestry. Forests play a vital role in countering livestock emissions by absorbing billions of tons of carbon dioxide each year, and they act as a crucial carbon sink. Furthermore, the diversity and age of forests impact the carbon sequestration process. Forests also help to combat climate change by reducing soil erosion and regulating the water cycle. As such, sustainable forest management is essential as forests provide multiple benefits, including economic, environmental, and social benefits, while also sequestering carbon. In this review, the current impact of modern livestock production is described, along with the potential for mitigating it through forestry-based solutions.