Model Research on Reforming of Chinese Agricultural Economic Growth Way

Adopting Cobb-Douglas production function model and Lucas model to analyze traditional and modern agricultural economy, obtaining that a modern agricultural economy with investment in human capital has more advantages than the traditional agriculture relying mainly on land and labor resources, therefore, we should push forward the change of agricultural economic growth way of China. The results show that in a long-term balanced growth path, agricultural output growth at a constant speed, agricultural resources no longer constrain farmers´ income, traditional agriculture in the rural labor force with the increase of farmers in the history of declining output will no longer exist. In the modern agricultural economy, farmers in the agricultural production process can use advanced agricultural technology, through improving seed varieties, fertilizers and pesticides to improve the quality of advanced agricultural machinery and equipment to improve the use of essential agricultural production levels, thereby promoting scientific progress in agriculture.