If and only if it's done correctly. Both the above statement and yours are true, it really depends a lot on how it's done.
In most cases it's not done well.
In most cases it's not done well.
It's how most beef should be raised, though, IMO.
Unfortunately, if we were to take all the cows stuck in factory farms and turn them loose on BLM land, I somehow doubt there would be enough food out there for them.