As far as I know these feedback mechanisms are explicitly not accounted for in the climate models.
No it isn't, it's around (under, really) 10%. CO2 from US transportation alone is 6.7 billion tonnes, vs 4.8 for all tropical deforestation (which is the place land use for livestock takes place). It is a common misconception that land use or agriculture are significant drivers of climate change. They are of course tremendously damaging in their own particular ways (eg water/runoff/biodiversity), but globally energy, and fairly close behind it transportation, are by far the largest causes of increased greenhouse gas emissions.