Resilience is being widely taken up by both researchers and policy makers, leading to lively scientific debates. This paper examines the concept of resilience and its increasing use in the face of both economic uncertainty and climate change, and applies it to farm management. In this context, resilience is understood as encompassing three capabilities: buffer capability, adaptive capability and transformative capability. I argue that resilience thinking opens up new perspectives and provides the potential to better understand the choices made by farmers in the real world. It offers alternative insights into farm management and how farmers balance short-term efficiency and long-term transformability, balance the exploitation of current strengths with exploration of new options, balance path dependencies with path creation. However, while farm resilience emphasizes how farms can weather shocks and adapt, it should not be understood as promoting the individuation of responsibility. Indeed, farm resilience can be strengthened or eroded by policy measures and family dynamics, i.e. processes at both a higher and a lower level. Overall resilience proposes an alternative conceptual lens to one building on equilibrium, thus highlighting and complex dynamics and the role of farmer agency in navigating change.