A copy of the report is here.
Here's what they say about livestock grazing:
The Forest Service and Bureau of Land Management
public land grazing program is highly subsidized
and benefits only two percent of the nation’s livestock
operators. According to the Government Accountability
Office in 2004, grazing programs cost taxpayers roughly
$136 million to operate but only earned $21 million.18
Below-cost grazing fees encourage overgrazing and,
along with other problematic features of the existing
federal program, have resulted in extensive and severe
environmental damage to public lands and riparian areas,
resulting in reduced ecologic resiliency and ability to
adapt to a warming western climate. Federal grazing fees
are lower than the fees charged by almost every state.
In fiscal year 2007, federal grazing fees fell to $1.35 per
acre, the lowest amount allowed by law. To put that in
perspective, the first uniform federal grazing fee that was
established in 1934 was set at $1.23 per acre. The equivalent,
in 2010 dollars, is $19.81 per acre. It is time for
taxpayers to be fairly compensated for allowing grazing
on federal lands.