The uniform spanning forest measure ($\mathsf{USF}$) on a locally finite, infinite connected graph $G$ with conductance $c$ is defined as a weak limit of uniform spanning tree measure on finite subgraphs. Depending on the underlying graph and conductances, the corresponding $\mathsf{USF}$ is not necessarily concentrated on the set of spanning trees. Pemantle~\cite{PR1991} showed that on $\mathbb{Z}^d$, equipped with the unit conductance $ c=1$, $\mathsf{USF}$ is concentrated on spanning trees if and only if $d \leq 4$. In this work we study the $\mathsf{USF}$ associated with conductances induced by $λ$--biased random walk on $\mathbb{Z}^d$, $d \geq 2$, $0 < λ< 1$, i.e. conductances are set to be $c(e) = λ^{-|e|}$, where $|e|$ is the graph distance of the edge $e$ from the origin. Our main result states that in this case $\mathsf{USF}$ consists of finitely many trees if and only if $d = 2$ or $3$. More precisely, we prove that the uniform spanning forest has $2^d$ trees if $d = 2$ or $3$, and infinitely many trees if $d \geq 4$. Our method relies on the analysis of the spectral radius and the speed of the $λ$--biased random walk on $\mathbb{Z}^d$.