Smallholder agricultural commercialisation has been seen as an important pathway out of rural poverty in developing countries. However, little empirical evidence is available in sub-Saharan Africa that examines the relationship between commercialisation pathways taken by farmers and welfare outcomes, such as farm income and asset accumulation. This paper fills this gap by taking advantage of data from two rounds of surveys conducted in 2018 and 2020 of smallholder farmers in Zimbabwe.