Abstract: The current laws and policies on the right of farmers to complete income under the household contract management system aim to protect farmers′ land interests and improve the efficiency of agricultural land management.The value function of collective ownership is to provide equal land security for the collective members, however, the long-term contract relationship keeps unchanged, which makes the farmers′ sharing of land benefits unequal between generations;the collective is not allowed to participate in the distribution of family business income, which aggravates the lack of supply of collective public services and the low efficiency of family contracted management.From the perspective of the effective realization of the beneficial rights of the members of the collective ownership, it is necessary to update the legislative concept and system design, confirm the adjustment right of the farmers′ collective interests on the basis of the farmers′ fair sharing of the collective land interests, and the necessary right of the farmers′ collective interests on the basis of the farmers′ sharing of the collective public service interests.

Key words: Key words：family contract management, collective ownership, income right, land contract management right, shared interests