Grazing lands support the livelihoods of millions of people across nearly one‐half of the globe. Soils are the backbone of stability and resilience in these systems. To determine livestock grazing impacts on soil health, we conducted a global meta‐analysis of soil organic carbon (SOC), total N, C/N ratio, and bulk density responses to grazing strategies (continuous, rotational, and no grazing) and intensities (heavy, moderate, and light grazing) from 64 studies around the world. Across all studies and grazing intensities, continuous grazing significantly reduced SOC, C/N, and total N compared with no grazing. Soil compaction (i.e., increased bulk density) was greater under both continuous and rotational grazing compared with no grazing; however, rotational grazing had lower bulk density than continuous grazing. Rotational grazing had greater SOC than continuous grazing and was not different from no grazing. The positive responses of SOC to rotational grazing could create climate change mitigation opportunities. Grazing strategy comparisons were minimally conditioned by aridity class (i.e., arid, subhumid, and humid); however, complete observations were notably limited or missing for many rotational grazing comparisons. For continuous and no grazing strategy comparisons, we found that grazing management can significantly influence soil function and health outcomes; however, site‐specific environmental factors play important moderating roles. Greater coordination across regional, national, and global efforts, as well as consistent guidelines for soil health evaluation, would help overcome these knowledge gaps and vastly improve our collective understanding of grazing impacts on soil health, providing greater management and policy impacts.Core Ideas: Grazing increases soil compaction relative to no grazing. Rotation improves soil bulk density and organic carbon over continuous grazing. Reduced grazing intensity improves soil bulk density and organic carbon. Site‐specific environmental factors play important moderating roles. Rotational grazing strategies could create climate change mitigation opportunities.

Extreme droughts like the recent 2011–2013 drought impacting the central and western United States present a challenge to sustaining livestock ranching operations and the ecosystem goods and services they produce. Wyoming ranchers manage half of this drought‐prone state and are at the forefront of this challenge. We examined Wyoming ranchers' drought management strategies and how ranch characteristics affect drought management flexibility, a key component of resilience, through a mail survey. We find that many survey respondents manage drought in similar ways, by selling livestock and buying feed, highlighting the market risks associated with drought. Ranches that are larger, include yearling livestock, use shorter grazing periods, and/or incorporate alternative on‐ranch activities (e.g., hunting) use more drought management practices and thus have greater flexibility. Larger ranches experience fewer drought impacts, highlighting advantages of a larger resource base. Our findings suggest three components of national drought policy that encourages flexibility and thus increases resilience of ranches to drought: (1) encouraging forage‐sharing mechanisms; (2) promoting income diversification that is independent of climatic variability; and (3) facilitating a shift to diversified livestock production systems. These measures could increase sustainability of ranching livelihoods and provision of ecosystem services despite predicted increases in intensity and duration of future droughts.