Agricultural machinery and equipment are the material basis of modern agricultural development and are an important symbol of agricultural mechanization. The new generation of information technology can promote the intelligent transformation and upgrading of agricultural machinery and equipment. The coordinated development of intelligent agricultural equipment and information technology has become a new trend in modern agricultural development, which is of positive significance for improving agricultural production efficiency and promoting the high-quality and efficient development of agricultural machinery. This study compares and analyzes the research status of smart agriculture in China and abroad and summarizes the research progress and trend of agricultural machinery and agricultural information technology in China. Based on an analysis of the development needs and values of modern smart agriculture in China, we propose the following projects: an agricultural ecosystem monitoring network infrastructure; the construction of a national agricultural big data center and operation mechanism; the research and application of intelligent agricultural equipment; the demonstration of agricultural information services; and the development of intelligent sensing technology and equipment for fruit and vegetable commercial processing. To provide a solid guarantee for guiding the development of modern smart agriculture, China should increase agricultural science and technology innovation input, establish an agricultural industryuniversity-research innovation alliance, and improve agricultural science and technology innovation incentive policies.