Based on the household survey of nine villages in Guangdong Province and Hunan Province, we research the relationship between landless farmers and land adjustment, land transfer in the context of rural land contract rights on a long term basis. We demonstrate that the existence of landless farmers does not pose a serious problem for the current rural community. We also explain the reason why the land is no longer readjusted: the expected return of land adjustment is low and the organizational costs are high.