The invention discloses a microbial preparation for treatment of livestock and poultry manure. The microbial preparation comprises the following raw materials by weight: 1-5 parts of actinomycetes, 1-4 parts of Chaetomium torulosum freeze-dried powder, 1-3 parts of rhizobium, 1-3 parts of Trichoderma viride freeze-dried powder, 2-6 parts of geotrichum candidum freeze-dried powder, 20-40 parts of coconut shell powder, 1-2 parts of Chinese fir charcoal, 1-2 parts of bagasse, 1-2 parts of brown sugar, 5-15 parts of kaolin, and 100-150 parts of water. The microbial preparation obtained by the method provided by the invention can effectively regulate the microflora structure of livestock and poultry manure, improve the activity of beneficial microorganism, can form a complex and stable ecological system through the interaction of strains, can rapidly decompose organic matters in livestock and poultry manure to produce heat energy, rapidly raise the material temperature, inhibit or kill germs, worm eggs and other harmful organisms, and improve the decomposition degree.