The invention discloses a multifunctional suspending bucket for dry land transplanting, which comprises a suspending bucket (1), a pin roll (2), a left duck bill (3), a right duck bill (4), a support plate (5), a rolling plate (6), an extension spring (7), an extension spring (8) and a rotating handle (9). The multifunctional suspending bucket is characterized in that the suspending bucket moves along the trochoid track, the suspending bucket moves from top to bottom when in working, the left and the right duck bills are closed under the action of the extension spring (8); when the suspending bucket is in contact with a film and soil, the film is broken and then holed, the left and the right duck bills overcome the tension of the extension spring (8) to be opened under the action of the rotating handle (9) after reaching the transplanting depth, seedlings in the suspending bucket fall down so that the seedlings are planted. The suspending bucket moves upwards under the opening state, at this time, the rolling plate is kept to be in contact with the film under the action of the spring (7) and generates a pressing action so that the earthing function is realized; and when the suspending bucket moves to the highest point, the left and the right duck bills are closed under the action of the extension spring (8) to receive the fed seedlings, so that one working circulating process is completed. An earthing function is integrated on the suspending bucket, the problem of damaging the film when a rolling wheel rolls on the film is solved, so that the earthing and the seedling transplanting operations are synchronous and the transplanting quality is favorably ensured. A plane structure is designed on the end parts of the duck bills, and is beneficial to the holing and the removal of the soil, so that the problem of holing clay on the clay is solved. The yield and the quality of agricultural products are improved.