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Abstract: The Pasture Simulation model (PaSim) was used to simulate agronomic and environmental services at 12 grassland sites in France, comparing near past climate conditions (1970–1999) and projections for near (2020–2049) and far future (2070–2099). Modelled climate change impacts were assessed using statistical and threshold-based analysis on managed (intensive, extensive) grasslands (permanent, sown), comparing shallow and deep soils, and for an ensemble of emission scenarios, climate models, and downscaling/initialization methods. Results show a significant drift of all sites towards more arid climates by the end of the century. Significant reductions in annual water drainage and herbage protein content are projected, together with new opportunities for annual and seasonal herbage production, in spring and winter especially. Simulated future conditions also show an increased interannual and seasonal variability of production. Contrary to expectations, current natural conditions reflecting large water availability are not expected to reduce future risks of negative climate change impacts on grassland systems. Notably, milk production from aftermath grazing of permanent grasslands established on deep soils at Mirecourt (humid site) is estimated to fall down below one-third of the current median value in four out of 30 years (∼13%) for 2070–2099, whereas similar shortfalls were not observed with the baseline climate. Balancing risks and opportunities, permanent extensive grasslands can be viewed as a trade-off between the continuity of grassland service provision and the mitigation of greenhouse gas emissions. [Copyright &y& Elsevier]