Abstract: Based on the theory of stakeholder and game theory, this paper studies the game equilibrium of government, enterprises and farmers in the forest economy and the conditions of their realization. Results show that in the condition of achieving the ideal equilibrium result of government support, enterprise participation and peasant household development, the optimal equilibrium condition is the independent development and profitability of the farmers. This requires local conditions and being timely in the development of the forest economy. Based on the difference of preference, the government needs to pay some economic cost to achieve certain ecological and social goals.