The invention provides a preparation method of lithium ferric phosphate cathode slurry. The preparation method comprises the following steps that 1, lithium ferric phosphate powder and adhesive powder are added to a stirring tank, and first-time stirring is performed; 2, all solvents are added, cooling water is added, second-time stirring is performed, and material scraping is performed after the second-time stirring is completed; 3, the rotating speed of the stirring tank is adjusted, and high-speed dispersion is conducted on the obtained slurry in the step 2; 4, a conductive agent is added to perform third-time stirring, and material scraping is performed after the third-time stirring is completed; 5, the rotating speed of the stirring tank is adjusted, and vacuum defoamation is conducted on the slurry obtained in the step 4. The lithium ferric phosphate cathode slurry prepared by adopting the preparation method is good in dispersion effect and uniform in mixing, a burdening process is simplified, and the labor costs and energy consumption are reduced. The inner resistance, multiplying power, low temperature and cycling performance of a lithium ion battery using the prepared lithium ferric phosphate cathode slurry as an anodic active material are good.