The impact of climate fluctuations on the dynamics of soil moisture is stud
ied through a stochastic model of soil water balance. The analysis focuses
on the changes of soil water content induced by the interannual variability
of rainfall observed at the decade-to-century timescale. Extensive data an
alyses have been performed to characterize the statistical properties of su
ch a variability. Particular attention is paid to the year-to-year variabil
ity of the average value of soil moisture during the growing season because
of its relevance to the mechanisms affecting the physiology of plants and
the dynamics of ecosystems. It is found that the probability distribution o
f the average seasonal soil moisture may be either unimodal or bimodal depe
nding on the different combinations of climate, soil, and vegetation parame
ters. The possible occurrence of a double mode has both hydrologic and ecol
ogic implications that are analyzed here.