The core of developing modern agriculture is to build a competitive industrial system. Modern agricultural industrial system is an integrated system with the following features: specialized and socialized industrial organization, high-end and integrated industry factors, integrated and cyberized industrial system, multivariate and complex industrial function, marketizative and contractive industrial benefits’ distribution. Deepening agricultural division is the fundamental driving force to promote the development of modern agricultural industrial system. The industrial management of agricultural products with superiority and characteristics is the breakthrough and focus to build modern agricultural industrial system. And promoting multi-purpose agricultural functions is the main direction to enrich and develop the modern agricultural industrial system.