This paper first establishes the compensation value model for farmland expropriation from the perspectives of sustainable development and fuzzy real options, and then analyzes the compensation standards for farmland expropriation with the model. The analysis shows that the compensation standard with options is 7.29 times of the present compensation standard, in which the compensation ratio taken by state, village collective economic organization, and land-lost farmer are 35 %, 3% and 62% respectively. Thus, the compensation standard for farmland expropriation based on sustainable development a...