The invention discloses a method for producing compound fungus feed and edible mushrooms at the same time. The method mainly comprises the steps that, several animal feed common raw materials comprising corn, wheat, rice, wheat bran and cake type protein are evenly mixed with one or more of agricultural product leftover crude cellulose raw materials, and the fixture is used as the culture media of the edible mushrooms including ganoderma fungus, hericium erinaceus fungus, agrocybe cylindracea fungus and pleurotus eryngii fungus; after the mushrooms grow out, each culture medium existing after the fungus grow out are evenly mixed with cordyceps fungus culture medium produced with a conventional method according to a ratio, after each mixture is smashed roughly, each mixture, the cake type protein and corn flour are fine smashed, and then the compound fungus feed is generated. By the adoption of the method, the problem that hormones and antibiotics are added to feed in the feed industry for a long time, hormones and antibiotics residuals exist in animal end products, and then after people eat the animal end products, the hormones and antibiotics residuals do harm to the health of people is solved, the pollution to the environment in the process of producing the agricultural product leftovers is reduced, the waste is recycled, and the purposes of resource recycling and efficient utilization are achieved.