Soil and water conservation benefits of cover crops have been hypothesized as a way to mitigate and adapt to changing climatic conditions, but they can also have detrimental effects if rainfall is limited. Our objective was to quantify effects of winter cover crops on soil water storage and yield of silage maize under the agro-ecological conditions within Vojvodina Province in Serbia. The experiment was conducted under rain-fed conditions at three locations and included a control (bare fallow) plus three cover crop and two N rate treatments. The cover crop treatments were common vetch (Vicia sativa L.), triticale (x Triticosecale Wittm. ex A. Camus) and a mixture of the two species. All were managed as green manure and subsequently fertilized with either 120 or 160 kg N ha −1 before planting silage maize (Zea mays L.). Cover crop effects on soil water storage were calculated for two periods, March-May and May-September/October. A Standardized Precipitation Index (SPI) used to characterize drought severity for 2011/2012 and 2012/2013, showed values of 3 and 9, respectively, for the two periods. Soil water storage was reduced by all cover crop treatments, with the greatest deficiency occurring during the extremely dry year of 2012. Previous studies have shown cover crop growth reduced by soil water depletion during their growing season and negative effects on early-season growth and development of subsequent cash crops such as silage maize, but if rainfall is extremely low it can also reduce cash crop yield. This detrimental effect of cover crops on soil water balance was confirmed by correlations between soil water storage and maize silage yield.Atmosphere 2018, 9, 492 2 of 18 precipitation [8], which is more likely to be mitigated on fertile and well-structured soils. The level of soil organic matter, and therefore soil carbon content, positively influence the stability of soil aggregates and soil moisture retention under extreme precipitation or drought [9][10][11]. Several management practices can be the bond between the requirements to adapt to the weather changes and to stop the reduction or to increase soil fertility, such as by reducing or eliminating tillage, growing cover crops, and applying organic fertilisers.Because livestock production in Serbia and, therefore, the availability of organic fertilisers are low, research focuses on cover cropping. Additionally, reduced or no tillage is uncommon because of requirements for adequate machines, which significantly limit its application on small and medium farms. Cover crops have several uses, including preventing erosion, increasing organic matter content, improving nitrogen balance and soil properties, and suppressing weeds, among others [12,13]. Cover crops in crop rotations are not a common practice primarily because growing cover crops usually includes crops that do not result in economic return and often do not allow sufficient time for soil preparation for cash crops. Additionally, cover crops may reduce soil moisture for the subsequent crop in specifi...