The paper analyses the perceptions of the farmers on various aspects of present as well as future vulnerability to local climate change in western Odisha, India. The changes in various climatic factors like rainfall, temperature, drought frequency and intensity during last three decades have been assessed. The farmers' experiences on hardships faced, natural and human induced causes of the changes observed have been examined. The perceptions on changes/trend in various vulnerability factors such as water availability, soil quality, early warning system, deforestation, social safety nets, institutional support system, degradation of wild life habitat, loss of wetland and water bodies, and damage to plant species etc. have been scrutinized. Besides, the future vulnerability to climate change has been assessed by ranking the vulnerability factors (economic/environmental/social/institutional) with respect to their effects during past, present and future climatic risks in the matrix form, thereby identifying the vulnerability factors posing greater threat in future. The study is based on the survey of 139 households. The study finds significant changes in behavior of climatic factors in western Odisha. The factors that are posing greater threat in future are increasing temperature and rainfall variability, frequent pest attack and plant diseases, gradual decline in grazing land and fodder availability, reduction and degradation of wild life habitat and loss of wetland and water bodies.