The invention discloses suspension-type bactericide liquid medicine fertilizer and a preparation method thereof. The suspension-type bactericide liquid medicine fertilizer comprises nitrogen fertilizer, phosphorous fertilizer, potassium fertilizer, trace element fertilizer, bactericide, emulsifier, dispersant, filler, defoamer, antifreezing agent, thickener and water and further comprises pH regulator. Medicine and fertilizer are combined in a form of a suspending agent; through joint action of reasonable formulation, proper auxiliary and good processes of an ultramicro grinding machine and a high-speed dispersing machine, stability, uniformity and fluidity of the medicine fertilizer are high, degradation rate is low, and the medicine fertilizer can be maintained being free of layering and precipitating for half a year; the process is simple and reasonable, material grinding size is shortened as much as possible, energy consumption is low, and the medicine fertilizer is suitable for industrialized production.