Minas Gerais is vulnerable to climate change, with negative impacts on water balance and changes in the cultivation of several crops. Currently, the olive crop has been an alternative source for farmers, especially those in the South of the state. However, there is no information on areas with climatic conditions suitable for olive cultivation, as well as the possible impacts of climate change. The aim of this study was to verify the impact of climate projections on water balance and agroclimatic zoning for olive cultivation in the Minas Gerais, based on current climate conditions (1980-2011), and different climate change projections for three future periods (2011-2040, 2041-2070 and 2071-2100). For the current climate, Minas Gerais showed 37% of suitable area, 15% of marginal area and 48% of unsuitable area for olive cultivation. For the period 2071-2100, only 4% was classified as suitable area, 6% as marginal area and 90% as unsuitable. Projections of climate change, of both temperature and rainfall, will affect the olive cultivation, substantially reducing the suitable area in the entire state.