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A growing body of research on plant–microbe interactions in soil is contributing to the development of a new, microbially based perspective on plant community ecology. Soil‐dwelling microorganisms are diverse, and interactions with plants vary with respect to specificity, environmental heterogeneity, and fitness impact. Two microbial processes that may exert key influences on plant community structure and dynamics are microbial mediation of niche differentiation in resource use and feedback dynamics between the plant and soil community. The niche differentiation hypothesis is based on observations that soil nutrients occur in different chemical forms, that different enzymes are required for plant access to these nutrients, and that soil microorganisms are a major source of these enzymes. We predict that plant nutrient partitioning arises from differential associations of plant species with microbes able to access …