As far as crops, the majority of what we grow is fed to animals. For example, according to the USDA, approximately 70% of U.S. soy is used as animal feed. If you're interested in reducing crop farming, go vegan. (Source: https://www.usda.gov/sites/default/files/documents/coexisten...)
As far as the limited abilities of carbon sequestering, "Grazing management could potentially, and under very generous assumptions, offset between 20-60% of annual average emissions from the grass-fed only sector," meaning that even all grass fed beef is still going to involve horrifying amounts of GHG emissions, completely ignoring the cost/land use that would make it otherwise unfeasible. (Source: https://phys.org/news/2017-10-grazing-livestock-climate-impa...)
Bonus link for more info on ruminants and carbon sequestering: "https://www.cambridge.org/core/journals/animal/article/abs/m..."