Drought is an ambiguous term, subject to expectation and the weight of emph
asis on meteorological, agricultural, hydrological and socio-economic dimen
sions. Uncertainty associated with the identification of drought often resu
lts in a lagged response in reducing stocking rates. This delay reduces veg
etation cover, increasing the potential for accelerated erosion following t
he drought, The long-term consequences of accelerated erosion are a reducti
on of soil depth, a decline in soil structure and a decrease in infiltratio
n rate and water storage capacity. Less water stored on a site hastens the
onset of plant stress, effectively increasing the perceived frequency and c
onsequences of drought, Management and policy tools must improve the integr
ation of economic and ecological aspects of drought-induced de-stocking dec
isions, especially by incorporating the long-term irreversible costs of ero
sion.