We use 50% of the habitable land on earth for agriculture, and 77% thereof is used to produce meat and dairy. At the same time, meat and dairy only make up 18% of the world's calory supply, and 36% of the protein supply.
It's crystal clear that the best thing we can do to free up land is to reduce livestock agriculture. This also has some more advantages, for example increasing biodiversity, decreasing zoonotic diseases like the current shitshow we're in, decreasing antibiotics resistance (the next shitshow we're about to enjoy), increasing the number of parks for recreation (which has a positive psychological impact on people). Oh yes, and animal welfare.
Source: https://ourworldindata.org/environmental-impacts-of-food