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The purpose of this paper was to analyze the influence mechanism of the new round of Collective Forest Rights Reform (CFRR) on farmers’ production efficiency from the perspective of forestland transfer. Based on the panel data of field investigation in Jiangxi Province, a panel logit model was used to verify whether the new round of CFRR has affected farmers’ forestland circulation behavior. The results showed that the new round of CFRR has played a significant role in promoting forestland circulation. Secondly, the non-parametric DEA method was used to estimate the technical, scale, and comprehensive efficiency of households. DID and panel quantile models were constructed to analyze the impact of forestland inflow policy and forestland outflow policy effects on rural household productivity. The regression results showed that the effect of forestland inflow has had a significantly positive impact on scale and comprehensive efficiency, but it only had a significant effect on technical efficiency in the 0.1 quartile. The effect of forestland outflow was not found to be significant for technical, scale, and comprehensive efficiency, but it was found to be negative for technical efficiency in the 0.75 quartile and negative for scale efficiency in the 0.5 and 0.75 quantiles.