Reproductive biotechnology encompasses powerful tools to enhance the efficiency and profitability of livestock reproduction, production, and product quality. These technologies include genomic selection, evaluation of semen (from bulls, bucks, and rams) using advanced cell and molecular technologies, semen cryopreservation and artificial insemination, estrus synchronization, superovulation of the females (cows, dams, and ewes), ovum pick-up, in vitro fertilization and embryo culture, embryo transfer, and pregnancy detection. The extent of applications of these modern technologies and their economic impacts for livestock production in Turkey are elusive. As a result, there is an urgent need for sound economic analyses, research and education, training of animal producers to facilitate technology transfer, and informing of the public of the benefits of animal biotechnology. The objective of this study was to provide a review of key reproductive technologies and economic analyses of them, followed by an outlook on the future production of cattle, goats, and sheep in Turkey. This review is an important resource for students, researchers, and producers for a better understanding and for the application of cutting-edge biotechnology in efficient, sustainable, and profitable livestock production.