The invention discloses a special basal fertilizer for peanut. The fertilizer comprises edible fungus residue, lees, fulvic acid, bentonite, microorganisms, ammonium carbonate, diammonium phosphate, potassium chloride, duck feather, carboxymethyl cellulose, 35% sulfuric acid, lime, zinc sulfate, boric acid, manganese sulfate, gelatin, radix euphorbiae fischerianae water extract, potassium feldspar nanopowder, and holly oil. According to the invention, acid hydrolysis on feather to generate amino acids is performed, and then chelating on secondary and trace elements is performed. Carboxymethyl cellulose increases chelating structure, facilitates effective utilization of secondary and trace elements, and avoids their ineffective release. Addition of inorganic sustained-release component bentonite and soil modifier fulvic acid modifies soil, facilitates effective release of fertilizer and sufficient absorption by crops. Biological pesticide radix euphorbiae fischerianae water extract can effectively reduce soil-borne disease and pest, is safe and harmless, and has no pollution to environment and crops. The fertilizer has the features of reasonable formula, comprehensive and balanced nutrition, good usage effect, obviously improved fertilizer utilization rate, greatly improved peanut yield and quality, and increased peanut economic benefits.