Abstract: To address issues such as the small scale of operations, low technological content, and opaque market information in the under-forest economy of Heilongjiang Province, this study employs descriptive statistics and multiple linear regression analysis methods based on 124 questionnaire responses from forest farmers in various cities and counties of Heilongjiang Province. The study explores the influencing factors of developing the under-forest economy in Heilongjiang Province. The results show that the number of family laborers, family wage income, forest product planting area, attention to forestry technology, and forestry bureau subsidies significantly impact the development of the under-forest economy. Factors such as forest product prices, product quality, the risk of unsold products, supply of production materials, and forest product cooperatives have a weaker influence on the development of the under-forest economy. Based on these influencing factors, relevant suggestions are proposed to promote the development of the under-forest economy, providing a more scientific theoretical basis for the development of the under-forest economy in Heilongjiang Province.