In　this　study,　Sanming　in　Fujian　was　taken　as　an　example　and　it　mainly　analyzed　the　change　of　farmers＇　livelihoods　after　the　collective　forest　right　system　reform.　The　results　were　found　that　farmers＇　livelihood　strategy　was　changed　from　relying　mainly　on　agricultural　production　to　gradually　focus　on　the　accumulation　and　transformation,　of　financial　capital.　Moreover,　principal　component　analysis　was　used　to　analyze　which　factors　impacted　on　farmers＇　livelihood.　The　results　showed　that　whether　having　forestry　right　certification,　forestry　land　quality,　forestry　land　quantity　have　become　the　main　performance　of　farmers　livelihood　changes.　©　Maxwell　Scientific　Organization,　2015.