China’s rural economic system reform started from the implementation of the household contract responsibility system. The system of the people’s commune, which was large in size and collective in nature, constrained the subjectivity of the farmers, and hindered the development of the agricultural productivity，while the household contract responsibility system liberated and developed the productive forces. The successfully starting of rural reform contains precious experience and deep theory and has important guide significance to deepening rural reform and even to the whole China’s reform. The mobilizing of farmers’ production enthusiasms is the fundamental condition for liberating and developing agricultural productivity, the basic measure for arousing farmers’ production enthusiasm lies in implementing and respecting farmers’ main body status, the basis for ensuring farmers’ main body status is to establish farmers’ property rights status, and the substance of the clarification for agricultural production material property rights is to carry out farmers’ property rights status. We should create different methods to implement farmers’ property rights status according to different historic conditions, therefore, “threeright separation” reform can realize the unity of property rights clarification, farmers’ main body status and public ownership and is conducive to boosting village revitalization and village reconstruction.