It's known as contract grazing. This is a method where you make an agreement (ideally on paper) with one or more producers to graze their cattle on your land for an agreed payment based on a per acre, per head, or a combination of these two basis.
agist
A field where animals graze is called a pasture. Most livestock live and graze in pastures when they are being bred or raised.
Cattle and livestock graze on a ranch.
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According to Wikipedia, roughly 66% is suitable for livestock grazing.
For farming and livestock grazing.
Use proper grazing practices, like using management intensive grazing, swath grazing or bale grazing, and select for livestock that do better on grass-only, culling those that tend to lose condition.
Animal Husbandry
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grazing in a pasture in the country
over 3,000 acres
Over grazing by domestic livestock.