By analyzing the process of agricultural water price reform in China, the stakeholders involved in the comprehensive reform of agricultural water price are divided into four categories of influencers, bearers, implementers of agricultural water price and managers of farmland water conservancy facilities based on the stakeholder theory. Their powers and interests are analyzed to clarify the intrinsic relationship among the stakeholders in the comprehensive reform of agricultural water price. It is pug forward that the influencers of agricultural water price will help to improve the bearers' cooperation by improving the reform environment. The cooperation between them will help to optimize the interests of both parties. The operational efficiency of implementers of agricultural water price and managers of farmland water conservancy has an important regulatory effect on the interests of influencers and bearers of agricultural water price, but the operational efficiency requires a certain amount of financial support. Finally, some reasonable suggestions for the comprehensive reform of agricultural water price in China are given.