Jujube (Ziziphus jujuba Mill.) makes up a traditional characteristic industry with ecological significance in the Lüliang Mountain of middle reaches of the Yellow River (LMMRYR). However, low economic efficiency has reduced local farm households’ willingness to continue jujube cultivation, threatening the sustainable maintenance and development of jujube forests and the ecological environment. In response, Lüliang City implemented a technological innovation program, that is, the Jujube Forest High Grafting and Optimization Program (JFHGOP), in 2018. Based on survey data from 302 local farm households, an empirical analysis using propensity score matching and ordinary least squares methods revealed that the program significantly enhanced the economic, ecological, and social benefits for participating farm households, improving their overall welfare. Robustness tests confirmed these findings, and a heterogeneity analysis showed varied impacts across different dimensions. The program improved welfare through government support and cooperatives’ assistance. To further promote green development and farm households’ welfare, recommendations include advancing forestry innovation technology, supporting small farm households with policy, capital, and technology, optimizing subsidy mechanisms, supporting new business entities, and promoting cooperation and benefit-sharing among stakeholders.