Abstract: Based on a survey data of 485 farmers in 6 villages and towns in Yizhou district of Hami city, Logit model and Tobit model are used to make regression analysis on farmers' farmland transfer-out behavior. Regression results show that farmers' risk aversion attitude has a significant positive impact on their farmland transfer-out behavior and transfer-out rate. Besides the age of the head of the household and the number of years of education, the controlling variables such as the farmers' information identification ability, the non-agricultural employment rate, the number of surrounding equal groups, the knowledge of the transferring households about the trading objects, and the family's special event experience are also helpful to improve the quality and efficiency of the transferring behavior of farmers' farmland. Due to the emergence of arrears of land rent and installment payment, more farmers are insecure about land transfer transactions, their risk aversion behavior increases, and their willingness to transfer land begins to weaken. Therefore, it is an important way to effectively promote the stable development of farmland transfer to strengthen the formation of agricultural product price market mechanism, standardize the guarantee projects of both sides of farmland transfer, and encourage small farmers with unconcentrated farmland to engage in non-agricultural production.

Key words: risk attitude, farmers' behavior, transfer of farmland, influence factor