Abstract: Taking Pingquan county in Hebei province as an example, combining qualitative and quantitative analysis method, this paper analyzes the impact of followup industries of land conversion from farmland back to forestland on farmers’ income and rural labor employment according to the survey data and local statistics. Results show that the followup industries have a great effect on farmer’s gross income and income structure in Pingquan county. The income from followup industries has been the principal source of farmers’ income. Meantime, the followup industries of the land conversion from farmland back to forestland bring forth a positive effect on the rural labor employment.