It all depends on how the other programs are changed, but I would say that, initially, if the other risk management programs, mainly AgriStability and AgriInsurance for crop insurance, were able to better manage catastrophic events, it would indeed allow businesses to continue financially.
Now, how can catastrophic events be taken into account? One way is to ensure that, in future years, producers don't have to pay for climate-related damage that they have nothing to do with. Currently, for both AgriStability and AgriInsurance, producers who experience climate effects on a number of occasions are at a disadvantage. In the end, there is no safety net at all for these businesses.
To answer your question, yes, it is possible, but it all depends on how it is done.