I think time will tell. I know that the farms we work with that are very proactive with respect to climate change, soil mitigation and regenerative farming have a lot fewer concerns than their neighbours regarding the rainfall levels and droughts seen in the past. The organic matter in their soil alone is far more resilient, and they're able to work with and irrigate a lot less. Obviously they don't have lots of the traditional, conventional farm inputs like fertilizers and chemical pesticides.
I think this transition within agriculture is inevitable. I think we're going to be dragged kicking and screaming, but this has to change. Soil can't maintain this level of degradation long term.
I think the UN and many progressive food organizations have recognized this for a long time, and we need change to shift into more sustainable agriculture methods. However, farmers need help in that transition, which was mentioned before. You can't just flick a switch and make things different. You need to make sure that farmers are at the table and are supported during that transition.