Requires the department of fish and wildlife to develop and maintain a process to offer, negotiate, and enter into cooperative agreements with livestock owners to prevent or minimize damage to livestock caused by wolves.

Prohibits owners of commercial livestock from receiving compensation for damage to commercial livestock caused by wolves unless they have a cooperative agreement with the department of fish and wildlife in effect at the time the damage occurred.

Authorizes the fish and wildlife commission, the director of the department of fish and wildlife, and the department of natural resources to, under certain circumstances, enter into a lease, renew a lease, or otherwise permit the use of department-managed real property within the estimated range of a confirmed wolf pack for grazing or other commercial livestock purposes.