Against the backdrop of increasingly severe global climate change, it has become an inevitable choice to promote the transformation of agriculture oriented to climate smart agriculture. The objective of this paper is to demonstrate realistic problem faced by China's agricultural transformation and identify key factors affecting agricultural development under the background of climate change. The paper constructs a linear econometric model and employes time series data from 1990 to 2019 to empirically test the impact of climate change and agricultural investment on agriculture in China. The results indicate that climate change has a negative impact on agriculture, while agricultural investment has a positive impact. Therefore, it is necessary to promote agricultural transformation oriented to climate smart agriculture. To this end, China must vigorously promote agricultural system reform, accelerate agricultural technological innovation, accelerate the development of agricultural big data and informatization, and strengthen financial support for agriculture.