Abstract: In the present study, three state-level model cooperatives were selected as examples to analyze the benefit-linking mechanism of cooperatives in promoting the integration of primary, secondary and tertiary industries from four aspects of interest generation, interest distribution, incentive system and risk prevention and control, and the commonness and differences of various benefit-linking types were discussed. It was shown that the cooperatives must consider establishing different interests with internal members and external capital (“one cooperative, two systems”) to promote the industrial convergence. The interest distribution system should be innovated in combination with cooperation background, trust mechanism and other factors to stabilize the interests of members. Cooperatives should pay attention to the attraction of profitable projects and the appeal of external capital interests when introducing external capital, and ensure the dominant position of cooperatives. Therefore, to promote the industrial convergence, cooperatives should promote the new idea of “one cooperative, two systems”, accurately promote the stability and upgrading of members' interests, and build a new pattern of win-win cooperation featuring equality and mutual benefit.

Key words: industrial convergence, farmers' cooperatives, benefit-linking mechanism