The invention relates to an electromagnetic load composite material for feed networks and a preparation method thereof. The preparation method includes the steps of: (1) high energy ball milling of carbonyl iron powder: mixing carbonyl iron powder, steel balls, a ball milling additive and a solvent, conducting high energy ball milling, and performing drying to obtain flaky carbonyl iron powder; (2) mixing: mixing the flaky carbonyl iron powder and a silane coupling agent evenly, then adding resin, a diluent and a curing agent, and mixing the substances evenly to obtain a mixed glue solution; (3) curing: subjecting the mixed glue solution to compression molding or ultrasonic curing molding, thus obtaining the composite material. The composite material prepared by the method provided by theinvention shows high electromagnetic parameters at 0.1-18GHz, especially magnetic loss performance, and can be widely applied to electronic equipment in radar, navigation, satellite communication, electronic countermeasures, radio and television, mobile communication and other fields.