This paper employs an asymmetric evolutionary model to analyze the cooperative relationship of rural land mortgage loan between farmers and rural financial institutions, which simulates the strategic options and analyses for the long-term stability on various parameters. The result shows that there are two strategic statuses of the long-term stability on the relationship of farmers and rural financial institutions, in which both sides adopt lending strategy or non-lending strategy simultaneously. To maintain the feasibility of long-term stability in rural land mortgage lending, two conditions must be met: first, when farmers would like to apply for a loan, the expected net agricultural income is more than the sum of the risk for losing the right to rural land contractual management and transaction cost; second, while rural financial institutions are willing to provide loans, the expected interest income and the value of the right to rural land contractual management are greater than the irrecoverable loan risk and supervision cost.
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