Abstract: As a result of land exploitation surged over the period of 2004—2006 because of the acceleration of urbanization, collective-owned land has been largely levied and the peasants who lost their land face serial problems for surviving and developing. After sorting out the major facts and the main causes about the interests’ damage to the land-lost peasants during the process of land levy, this paper proposes several suggestions to protect the vulnerable peasants. Firstly, the land levy policy should be reformed to make the procedure of land levy more reasonable; secondly, employment of land-lost peasants has to be promoted to assure that their living standards doesn’t suffer degradation; next, the land-lost peasants should be treated in the same way as their urban counterparts when being settled after their land is levied; finally, the government should make its land levy practice normalized and strengthen the implementation of relevant laws and regulations, avoiding land abuse cases.