The invention relates to a biodegradable liquid mulch film produced from papermaking waste liquid, and a production method thereof. The film is produced from papermaking waste liquid discharged from paper making industries, starch, polyvinyl alcohol, acrylic acid or methacrylic acid or acrylamide, amyl acrylate or octyl acrylate, formaldehyde or glutaral or glyoxal, and the like. According to the method, lignin is grafted with acryl; starch is grafted with acryl; lignin, starch and polyethylene glycol hydroxyl are processed through a series chemical reactions of condensation, cross-linking, and copolymerization, such that an aqueous polymer with lignin as a basic material is synthesized. Therefore, the biodegradable liquid mulch film is obtained. According to the invention, industrial papermaking waste liquid is adopted as a main material, such that the pollution caused by papermaking waste liquid is reduced, environment is protected, cost is saved, irrigation water is saved, and crop yield is improved. With the wide popularization of the biodegradable liquid mulch film, a positive effect is provided for increasing the crop yield in our nation.