Falco hypoleucos is threatened by the agricultural development of timbered plains (including pesticide use) and by the overgrazing of arid-zone rangelands. The taking of eggs by egg-collectors, and young for falconry is also a significant threat.
The estimated population of Falco hypoleucos is put at less than 5,000 individuals. F. hypoleucos is considered "Vulnerable" by the IUCN Red List.