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With the rapidly expanding ecological footprint of agriculture, the design of farmed landscapes will play an increasingly important role for both carbon storage and biodiversity protection. Carbon and biodiversity can be enhanced by integrating natural habitats into agricultural lands, but a key question is whether benefits are maximized by including many small features throughout the landscape (‘land‐sharing’ agriculture) or a few large contiguous blocks alongside intensive farmland (‘land‐sparing’ agriculture). In this study, we are the first to integrate carbon storage alongside multi‐taxa biodiversity assessments to compare land‐sparing and land‐sharing frameworks. We do so by sampling carbon stocks and biodiversity (birds and dung beetles) in landscapes containing agriculture and forest within the Colombian Chocó‐Andes, a zone of high global conservation priority. We show that woodland fragments …