Land fragmentation is a phenomenon that reduces the mechanical management of agricultural and grazing lands and, consequently, leads to the abandonment of agricultural practices in harsh environments. It puts the agricultural and/or agro-pastoral businesses in a difficult situation as they have small surfaces to manage that do not allow for sufficient profit. Some worldwide land consolidation initiatives have been set up to reduce this phenomenon, such as land funds. In this context, this paper is dedicated to an Italian approach, which can be carried over to other realities, aimed at safeguarding and managing territories in harsh environments. This approach, known as the “Associazione Fondiaria (ASFO)”, which can be roughly translated as “land consolidation association”, consolidates small portions of abandoned land in a functional manner. Indeed, a land consolidation association not only stimulates new entrepreneurial agricultural activities, but is also able to create employment in depressed areas. A SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis was used to evaluate ASFOs, and their peculiarities were discussed.