In this study, the stability and bifurcation problems of a fractional food chain system with two kinds of delays are studied. Firstly, the nonnegative, bounded, and unique properties of the solutions of the system are proved. The asymptotic stability of the equilibrium points of the system is discussed. Furthermore, the global asymptotic stability of the positive equilibrium point is deduced by using Lyapunov function method. Secondly, the system takes two kinds of time delays as bifurcation parameters and calculates the critical values of Hopf bifurcation accurately. The results show that Hopf bifurcation can advance with increasing fractional order and another delay. In conclusion, numerical simulation verifies and illustrates the theoretical results.