Land use conflict is a major contributor to unsustainable deforestation rates, with agriculture being the primary driver. Demand for agricultural output is forecast to increase for years to come and the associated deforestation is a key driver in global declines of biodiversity. Moreover, deforestation is contributing to instability of agricultural production systems and reduces our ability to mitigate anthropogenically driven climate change. There is urgency in reducing this land use conflict and the cultivation of ectomycorrhizal fungi (EMF) may provide a partial solution.As an example, here we focus on Lactarius indigo, an edible and historically appreciated species with distribution in the Neotropics and Nearctic. Exploring the geographic spread and associated climate preferences, we describe how cultivation of this species can be combined with forest-based biodiversity and conservation goals. Detailing a full methodology, including mycelium production and how to create trees that may produce the fungus, we explore potential benefits. Combing data from the emerging field of EMF cultivation with nutritional studies, we show that a protein production of 7.31 kg per hectare should be possible, exceeding that of extensive pastoral beef production. In contrast to commercial agriculture, L. indigo cultivation may enhance biodiversity, contribute to conservational goals and create a net sink of greenhouse gases whilst at the same time producing a similar or higher level of protein per unit area than the most common agriculture use of deforested land. With such startling and clear benefits, we call for urgent action to further the development of such novel food production systems.