The invention discloses fusion protein composed of bovine albumin, bovine interferon gamma and bovine interferon alpha and a preparation method thereof. The fusion protein is formed by conducting flexible linker connection on the bovine albumin, the bovine interferon gamma and the bovine interferon alpha, and after the fusion protein and a freeze-drying protective additive are mixed, through freeze drying, recombinant bovine pegylated interferon can be obtained. A half-life period of the recombinant bovine pegylated interferon is significantly improved, compared with the half-life period of ordinary bovine interferon, the half-life period of the recombinant bovine pegylated interferon is improved by 18 times or more, and the recombinant bovine pegylated interferon has a broad-spectrum antiviral effect and can improve immune response of bovine.