The ridge furrow (RF) rainwater harvesting system is an efficient way to enhance rainwater accessibility for crops and increase winter wheat productivity in semi-arid regions. However, the RF system has not been promoted widely in the semi-arid regions, which primarily exist in remote hilly areas. To exploit its efficiency on a large-scale, the RF system needs to be tested at different amounts of simulated precipitation combined with deficit irrigation. Therefore, in during the 2015–16 and 2016–17 winter wheat growing seasons, we examined the effects of two planting patterns: (1) the RF system and (2) traditional flat planting (TF) with three deficit irrigation levels (150, 75, 0 mm) under three simulated rainfall intensity (1: 275, 2: 200, 3: 125 mm), and determined soil water storage profile, evapotranspiration rate, grain filling rate, biomass, grain yield, and net economic return. Over the two study years, the RF treatment with 200 mm simulated rainfall and 150 mm deficit irrigation (RF2150) significantly (P < 0.05) increased soil water storage in the depth of (200 cm); reduced ET at the field scale by 33%; increased total dry matter accumulation per plant; increased the grain-filling rate; and improved biomass (11%) and grain (19%) yields. The RF2150 treatment thus achieved a higher WUE (76%) and RIWP (21%) compared to TF. Grain-filling rates, grain weight of superior and inferior grains, and net economic profit of winter wheat responded positively to simulated rainfall and deficit irrigation under both planting patterns. The 200 mm simulated rainfall amount was more economical than other precipitation amounts, and led to slight increases in soil water storage, total dry matter per plant, and grain yield; there were no significant differences when the simulated rainfall was increased beyond 200 mm. The highest (12,593 Yuan ha−1) net income profit was attained using the RF system at 200 mm rainfall and 150 mm deficit irrigation, which also led to significantly higher grain yield, WUE, and RIWP than all other treatments. Thus, we recommend the RF2150 treatment for higher productivity, income profit, and improve WUE in the dry-land farming system of China.
