The invention discloses a young pigeon feed additive for reducing the feed conversion ratio and incidence rate. The young pigeon feed additive is prepared from, by weight, 3-5 parts of codonopsis pilosula, 2-4 parts of poria cocos, 3-5 parts of large-headed atractylodes rhizomes, 1-2 parts of liquorice roots, 3-4 parts of smoked plums, 2-4 parts of alisma plantago-aquatica, 1-2 parts of immature bitter oranges, 1-3 parts of malt, 1-2 parts of dried tangerine or orange peels, 0.01-0.02 part of zinc glycinate, 0.001-0.002 part of copper lysine, 0.01-0.02 part of ferrous glycinate, 0.002-0.004 part of manganese methionine and 0.1-0.2 part of multi-vitamin. The multiple Chinese herbs and microelements are combined for action, in this way, the immunity, resistance to diseases and digestive ability of pigeons are improved, nutrient balance is achieved, no chemical residues are left, and the feed conversion ratio and incidence rate are obviously reduced. The young pigeons obtain nutritive ingredients and a certain quantity of microelements from the feed additive, the nutritive ingredients and microelements are gathered inside the bodies of the young pigeons through a biosynthesis function, in this way, pigeon meat is comprehensively nutritive, the content of selenium, zinc, iodine, lecithin, vitamins and amino acid is high, body nutrient balance and metabolism balance are guaranteed, and the immunity and disease resistance of human bodies are improved.