The invention discloses a red-soil-region peanut continuous-cropping obstacle reducing special fertilizer, a preparation method and a usage method. The special fertilizer is composed of, in percent by weight, 10-30% of decomposed dry bird excrement, 10-30% of humic acid, 10-20% of urea, 20-40% of calcium-magnesium-phosphorus fertilizer, 10-15% of potassium chloride, 0.5-2% of borax, 0.5-2% of zinc sulfate, 0.01-0.05% of ammonium molybdate, 0.005-0.02% of compound sodium nitrophenolate, 0.001-0.01% of sodium alpha-naphthyl acetate, 0.01-0.05% of hymexazol, and 0.01-0.05% of diazinon. The special fertilizer is applied red-soil-region field on which peanut is continuously cropped for three or more years with the usage amount of 2000-2500 Kg / hm<2>, the usage method comprises that the fertilizer is completely basally applied for one time, or the fertilizer is applied for two times according to the base-fertilizer topdressing-fertilizer weight ratio of 2:1, the base fertilizer is applied in furrows before peanut is sowed or is spread over the whole field when ploughing is performed, topdressing is combined with intertillage weeding, and fertilization and earthing up are performed. The special fertilizer is verified to be capable of increasing peanut output by 15-25% compared with a conventional fertilizer by applying the special fertilizer to a large field on which peanut is continuously cropped for 10 years or more at 2012 and 2013, and the application method is simple, reasonable, and high in operability, and exhibits technical progress.