This paper focuses on improved storage and preservation technologies as an adaptation strategy in response to climate change. We also study the trade-off between improved cereal storage technologies and the preservation techniques among rural households in Tanzania. We find that climate variables significantly influence farmers’ choice of improved storage technologies and preserving decisions. Using a bivariate probit model, we find that modern storage technologies and preservation measures are substitutes. Farmers can significantly reduce annual costs associated with preservation by adopting (usually long lasting) modern storage facilities.