The personal loan between farmers is a kind of personal loans, which is widespread in rural and has a long history. Since three decades of reform and opening-up, the farmers’ economic conditions are getting better. Although the formal financial institutions has been covering the whole cities and counties, the farmer’s personal loan have never stopped. The motivation of farmers’ personal loan has been gradually changed from the living consumer loan to the production operation loan. And the practical application of the use shows a trend of non-agricultural loan. In economically developed areas, the farmers are more willing to borrow money from the informal financial institutions, thus raises many legal issues. Specification the behavior of farmers’ personal loan mainly starts with the acquaintance of the loan policy and government regulation.