Farmer cooperatives are generally in the stage of rapid development in Henan province and its coverage are expanding，its service-function is gradually optimized，its market competitiveness is significantly improving. At the same time，we must pay adequate attention of the problems of shortage，deficiency and misbehavior. The authors state that the lack of key factors of production and financial services and imperfect support system are main restrictive factors. As a result，it must be to strengthen government support，clear policy focus of the phases，promote the development of rural cooperative finance，speed up the local rules and regulations legislative process.