The response of soil microbial communities to management practices is composite, as it depends on the various environmental factors which contribute to a shift in the microbial communities. In this study we explored the impact of combinations of soil management practices on microbial diversity and community composition in a dryland soybean production system. Soil samples were collected from the experimental field maintained under no till, cover crops, and fertility treatments, at Pontotoc Ridge-Flatwoods Branch Experiment Station, MS, USA. Targeted amplicon sequencing of 16S rRNA and ITS2 genes was used to study the bacterial and fungal community composition. Poultry litter amendment and cover crops significantly influenced soil bacterial diversity. Fertilizer sources had significantly different bacterial communities, as specific microbial taxa were strongly influenced by the changes in the nutrient availability, while cover crops influenced the soil fungal community differences. Differential enrichment of advantageous bacterial (Proteobacteria, Actinobacteria and Acidobacteria) and fungal (Mortierellomycota) phyla was observed across the treatments. Soil pH and easily extractable glomalin-related soil proteins (EE-GRSP) were correlated with bacterial communities and aggregate stability (WSA) was influenced by the poultry litter amendment, thus driving the differences in bacterial and fungal communities. These findings suggest that a long-term study would provide more inferences on soil microbial community response to management changes in these dryland soybean production systems.