Many studies point to the social and environmental benefits of agroforestry, also in temperate regions such as Flanders. Nevertheless, farmers do not yet see agroforestry as an equally valuable option alongside other farming systems because of the uncertain economic profitability and the current incompatibility of this system with existing market conditions. This paper has the aim to identify and evaluate – existing and hypothetical- economic incentives for agroforestry in Flanders. Data was collected over the period 2015—2021 through focus groups at conferences and in thematic living labs in Flanders with a broad range of stakeholders (e.g. farmers, processors, policy makers, researchers, etc.). The results were analysed qualitatively in Nvivo12 to make a classification of incentives and instruments in a first phase. In a second phase they were evaluated based on an adjusted SAF (Suitability, Acceptability and Feasibility) framework. Four types of incentives were identified: (1) government based; (2) payment for agroforestry products; (3) payment for ecosystem services; and (4) community based incentives. Currently, the highest potential is expected from payment for ecosystem services and the least potential from payment for products and community-based incentives due to a lack of consumer demand for agroforestry products specifically and the unfamiliarity of agroforestry to a broader public. At the end of the data collection period, a positive evolution was already observed in the development of these instruments. To accelerate this evolution, initiatives supporting awareness among a broader public and more insights into the preferences of a wide range of stakeholders is needed.