The invention discloses a color drought-resistance water-retention sustained-release compound fertilizer and a method for producing the same, wherein the method comprises the followings steps of: measuring, crushing and uniformly mixing fertilizer raw materials, granulating by adopting an ammonia-acid method rotary drum granulating process, performing one-stage drying, semi-cooling and screening of grains, and sending the mixture to a coating machine; adopting a continuous melting rotary drum film-coating method coating process to perform compressed air atomization and uniform coating of color coating oil sprayed by a special nozzle; and adding a water-retaining agent and an anti-adhesive agent by a screw conveyor, and performing full stirring, cooling and packaging to obtain the finishedproducts. The color drought-resistance water-retention sustained-release compound fertilizer has the effects of drought resistance, water retention, nutrient preservation, soil condition improvement and environmental protection, and the appearance of the fertilizer has color marks; and when the fertilizer is applied to crops, the fertilizer has the advantages of increasing yield and incoming, along with simple production method, convenient operation, low cost and high benefits.