After six decades of policy experimentation, and efforts to promote economic diversification and reduce the country’s over-reliance on copper mining, Zambia has failed to fully capitalise on the country’s agricultural potential. Endowed with agricultural land which accounts for 32% of the 75 million hectares of total land area, the landlocked country also boasts abundant water resources and favourable agro-climatic conditions. While the significance of smallholder agriculture for food production and rural livelihoods has been consistently emphasised in Zambia’s agricultural policies since independence, the narrative of resource abundance in policy thinking has equally maintained an agricultural-growth outlook which gives priority to large-scale commercial farming. This policy approach, along with global concerns about dwindling resources in the face of population growth and a growing demand for food and energy, has established renewed investor interest in Zambia’s food and agriculture sectors . Large-scale land acquisitions for commercial farming and corporate investments in agricultural value chains have led to rapid changes in land-use patterns, and the rise of ‘flex crops’, particularly soybean. These are crops and commodities with multiple uses (food, feed, fuel, industrial materials, etc.) that can be sold in multiple markets. In this policy brief, Refiloe Joala considers he implications.