That all said - farming has gotten vastly more productive both per man hour and per acre over the past 100 years. Logically we simply do not need the same amount of land devoted to agriculture as we did before - at least in most cases.
So long as your food security is not being impacted - and I do mean under the worst possible stress model you can come up with - I don't see a problem with plans like this. Land use changes over time, and it should be expected.
Plus, it looks like a large portion of this will be simply a different form of agriculture - forestry. This will probably be more in-demand in 50-100 years with current trends, but that's a wild guess.