Food industry is an eternal and life industry for human beings as well as a significant industry in our country. Heilongjiang Province is an important commercial grain base in China. Heilongjiang's food industry, a traditional advantageous industry and one of the four pillar industries, has developed rapidly in recent years and has formed its peculiar industrial structure and advantages. In particular during the economic crisis, this industry has accessed a steady development. This report, based on the environment of the industry development, analyzes thoroughly the development of the province food industry. The overall operation of the industry is analyzed by upstream supply of farm produce, production cycle, risk resistance capabilities, fixed asset investment, production, sales and price trend. Economic benefits of this industry are analyzed by profitability, liquidity, operation capacity and growth potential. Development of enterprises of various scales is analyzed in terms of industrial concentration. At the end of the paper, suggestions of developing food industry in Heilongjiang Province are proposed. <<