This note provides guidance on how toensure tan agricultural investment makes a positivecontribution to local and national food security andnutrition. Investments can play a critical role byintroducing technologies to increase productivity, byproviding demonstration effects, by creating quality jobs,by catalyzing modernization of the sector, and by linkingsmall-scale producers with global markets—all of which, inthe right circumstances, contribute to food securityandnutrition. Yet, investments can have a negative impact andbe detrimental to food security and nutrition, especiallywhere investments reduce local access to land and water. Thechallenge for policymakers and investors is how to designpolicy and business models that maximize the positivebenefits to food security and nutrition but minimize theassociated risks.