Agricultural insurance is one of the three policy measures taken by countries in the world to support and stabilize agricultural production. Because of the lack of both supply and demand of our agricultural insurance, it is urgently necessary for us to establish a new agricultural system. The writer of this paper firstly conducts analyses into the features and advantages of agricultural cooperative insurance, and finally puts forward some strategic suggestions concerning the development of agricultural cooperative insurance in China on the basis of referring to the foreign experiences of developing agricultural cooperative insurance.