The invention discloses a feed additive for improving the reproductive capacity of a boar. The feed additive comprises the following raw materials in percentage by weight: 40 to 50 percent of epimedium, 8 to 10 percent of cynomorium songaricum, 8 to 10 percent of codonopsis pilosula, 8 to 10 percent of angelica sinensis, 8 to 10 percent of medlar, 0.5 to 1 percent of vitamin A, 0.1 to 0.2 percent of vitamin D3, 1 to 4 percent of vitamin E, 0.1 to 0.3 percent of vitamin B2 and the balance of zeolite powder. A preparation method for the feed additive comprises the following steps of: mixing the epimedium, the cynomorium songaricum, the codonopsis pilosula, the angelica sinensis and the medlar; smashing a mixture to a particle size of between 25 and 40 microns; adding the vitamin A, the vitamin D3, the vitamin E, the vitamin B2 and the zeolite powder; and mixing uniformly. The feed additive prepared by the method has the characteristics of remarkable improvement on boar sexual desire, ejaculatory amount, sperm concentration, survival time and oestrum conception rate without any adverse effect, less additive amount, low cost and obvious effect.