Livestock rearing is an important agricultural activity in developing countries. In the last two decades, due to intensification of production process, the livestock population has increased significantly, and the consumption of cereals has increased by the animals to produce more. The huge livestock population and feeding of grains have produced large quantities of livestock waste greatly affecting the surrounding environment, leading to excess greenhouse gas emissions, water and soil pollution. Poor waste management practices in developing countries have been posing a serious threat to human and animal health. Knowledge of proper disposal of livestock waste and recycling is very crucial for sustainable development of the farming system. This review is made to present researchers with the latest studies in the field of animal waste management and their impact on water, soil and land pollution. The review also briefly presents the impact of animal waste on human health, economic values of livestock waste, problems associated with proper disposal of animal waste and government policies towards waste disposal.