The ecosystems of cropland have a clear ecosystem service value. However, the development of industrialization and urbanization has put pressure on the ecological carrying capacity of cropland. Ecological overloading of cropland has occurred in some areas. To alleviate the contradiction between cropland protection and economic development, it is necessary to implement ecological value compensation. This study measures ecological overload and ecological value compensation criteria with the help of ecosystem service value, ecological carrying capacity, and ecological footprint. China plays an irreplaceable role in international ecological governance. This study takes Jiangsu province, a large agricultural province in China, as an example and empirically analyzes cropland’s ecological value compensation standard in the region in 2022. The results show that: (1) The ecosystem service value of cropland in Jiangsu Province in 2022 was 723.09×108 yuan. (2) Cropland in the southern part of Jiangsu Province was in a state of ecological deficit, and cropland in the central and northern parts of Jiangsu Province was in a state of ecological surplus. (3) Jiangsu Province as a whole exported the ecosystem service value of cropland and could obtain the ecological value compensation of cropland of 138.68×108 yuan.