In his annual report, chairman Dave Inder said the future of the board was ''a little uncertain'' and depended largely on its ability to generate new funding streams but also whether members wanted it to continue.
Members attending its general meeting last month were positive about the board's future, he said.
''They want us to find some money and get cracking. If we are unable to do that then we'll give notice and wind up. There are options.''
Mr Inder said the board had loyal membership and a number of life members.
''We have a group that is unique to New Zealand.''
The board had been forced to re-evaluate its position in the wake of the Clutha District Council's restructure that included the contracts and funding for it, Enterprise Clutha and the District Development Board.
The council created the Clutha Development Trust to replace the three separate entities.
Mr Inder said the board had lost 40% of its funding, and was in the process of completing its contracts for the council which were due to expire in June.
The board used to be based in the council-owned Development House building on John St, but had moved into the nearby arcade off Clyde St.
''We're not going into competition with the new group [Clutha Development Trust] and we don't want to duplicate what they're doing. But we still think we have a place and a role.''
He said the biggest challenge was to find new sources of funding.
''If we're successful, we'll be around for a while yet.''
The Clutha Agricultural Development Board was created about 20 years ago and is a farmer-owned-and-controlled body which promotes good practice and opportunities in farming as the lifeblood of the Clutha district.
The board was supported by the Clutha District Council, Telford, research scientists and many government and voluntary agencies.
Mr Inder said the board had a strong interest in trialling probiotics, and had also been trialling industrial hemp for the health product market.
''Some of the trials are quite exciting really.''
The board has about 180 members throughout the Clutha district.
