The invention provides a special late rice fertilizer. The special late rice fertilizer consists of the following raw materials in parts by weight: 10-20 parts of bean pulps, 8-10 parts of enveloped sulfur urea, 24-26 parts of enveloped ammonium dihydrogen phosphate, 8-10 parts of potassium sulphate, 20-30 parts of plant ashes, 1-2 parts of ferrous sulfate, 1-2 parts of zinc sulfate, 0.1-0.3 part of sodium borate, 10-12 parts of gelatins, 5-7 parts of fulvic acid, 3-4 parts of poplar saw dust powders, 3-4 parts of oleander powders, 10-15 parts of bagasse, 10-15 parts of calcium carbonate, 18-22 parts of Chinese medicine residues, 3-4 parts of carboxymethylcellulose, 15-20 parts of 30% of sulfuric acid, 5-10 parts of limes, 10-15 parts of chicken feathers and 4-6 parts of cottonseed oil. A preparation method of the special late rice fertilizer comprises the following steps: conducting acidolysis on hairs to generate amino acid, then generating a micro element fertilizer liquid and an intermediate element fertilizer liquid chelated with amino acid, then sintering the quartz sands to prepare a fertilizer carrier, fermenting an organic fertilizer, mixing a nitrogen-phosphorus-potassium fertilizer, the carrier, the organic fertilizer and a vegetable insecticide, then spraying the micro element fertilizer liquid and the intermediate element fertilizer chelated with amino acid, then granulating, and finally adopting the wintergreen oil for enveloping. According to the special rapeseed fertilizer provided by the invention, the fertilizer utilization ratio is improved obviously, the slow release effect is achieved, the fertilizer application amount is lowered, the pesticide residual is lowered, and the output and the quality of the late rice are improved.