In order to evaluate the liming and nitrogen efficiency of cocksfoot (Dactylisglomerata L.) productivity, a field experiment was performed in Western Lithuania’s naturally acidic Retisol area (55°43′ N, 21°27′ E). Based on seven years of research data, dry mass (DM) yield (including first and second cuttings) reliably varied depending on the growing year, from 4.57 to 7.34 t ha−1. The most significant and positive impact on DM yield was obtained by the application of higher liming (6.0 t ha−1 CaCO3) and nitrogen (120 kg ha−1) rates. Liming utilization efficiency (LUE) was affected by the year of growth (although not always significantly), with a 6.0 t ha−1 CaCO3 liming rate and nitrogen fertilization. Nitrogen utilization efficiency (NUE) varied depending on the growing year and N fertilization rate. One of the most effective solutions for improving cocksfoot biomass is to prepare pressed granulated biofuel, which is potentially a good quality raw material for the direct combustion process. The execution and evaluation of technological parameters and properties of produced pellets revealed that cocksfoot pellet humidity reached 10.0% ± 0.6%, whereas pellet density was sufficiently high, and reached 983.8 ± 22.9 kgm−3 DM. The lower calorific value of cocksfoot pellets reached 17.7 MJkg−1. Ash content after pellet burning was relatively high, reaching 7.0–7.6%. Pellet ash melting temperatures were sufficiently high, with ash softening temperature (ST) reaching 1065 °C. Determined emissions of harmful gases from the burning of cocksfoot pellets (CO2, CO, SO2, NOx and unburnt hydrocarbons CxHy) did not exceed the permissible limits.