The invention relates to a biological organic foliar fertilizer and a preparation method thereof. The biological organic foliar fertilizer is obtained by adding 50 parts weight of deep well water in 50 parts by weight of waste such as soybean residues, crushed rapeseed meal and the like; mixing the above materials after moist heat sterilization; inoculating compound microbial strains; fermenting for 30 days at a constant temperature; removing fermentation residues, taking the fermentation broth for use; putting 48 parts of the fermentation broth, 15 parts of fulvic acid, 5 parts of magnesium element, 5 parts of manganese element, 5 parts of ferrum element, 5 parts of zinc element, 2 parts of copper element, 2 parts of molybdenum element, 3 parts of a surfactant, 2 parts of PCPA , 2 parts of NAA and 6 parts of sterile water in a reaction kettle; mixing the above materials uniformly; heating to a temperature of 45 DEC C; keeping the temperature for 48 hours for reaction; and adjusting a pH value to 3-4. The biological organic foliar fertilizer can promote crop photosynthesis, activate activities of various enzymes to promote the growth, increase disease prevention and antibiosis of plants and increase resistance of the plants. The biological organic foliar fertilizer is pollution-free and harmless, has durable fertilizer efficiency, can strengthen seedlings, prevent diseases, improve soil and increase production, has no residues after use, improves quality of agricultural products, makes products appear on the market 7-15 days earlier, and increases agricultural economy benefits.