Mycorrhizal fungus diversity is an ecosystem health indicator, and thus, the appreciation of the aboveground as well as the belowground biota, such as fungi associated with natural and managed ecosystems, is essential to provide sustainable products and suggestions to farmers. Less is known about the totally arbuscular mycorrhizal fungi (AMF) and fungal endophytes useful to agroecology, which are environment friendly microbial biofertilizers to mitigate the complications of conventional farming. Specific AMF are found in most covers; grassy ecosystems are increasingly investigated through their exclusive fungal species that improve sustainable cultivation. Different grazed pastures, forages, and their diversity are important objects of study either in economic or ecological scope. Based on recent reports, the occurrence of AMF in grasslands and pastures is significant, supporting more diverse AMF than native forests. Therefore, we show current information on these topics. We conducted a Web of Science search of published articles on AMF, pastures, and grasslands and analyzed them. The results confirmed the important role of pH as the driver of AMF diversity distribution between the grassy ecosystems from Argentina and Brazil. In grasslands, the main family represented was Glomeraceae, while pastures maintain predominantly Acaulosporaceae. Brazilian grasslands and pastures presented four times the AMF richness of those from Argentina.