The invention discloses a compound microbial-fermented organic fertilizer. The compound microbial-fermented organic fertilizer is prepared through the following steps: mixing pig manure and straw powder, inoculating well-composted mixed bacteria to the mixture, and carrying out compost fermentation, so as to obtain a well-composted material; carrying out amplification culture on bacillus thuringiensis so as to obtain a culture solution for pathogen inhibiting bacteria for perennial root dwarf disease of Saccharum officinarum; carrying out amplification culture on streptomyces globisporus, actinomycetes and brown spherical azotobacteria, and carrying out proportioning mixing, so as to obtain a plant probiotics mixed solution; proportionally mixing bamboo charcoal, diatomite and zeolite powder, so as to obtain a soil amendment; and uniformly mixing the well-composted material, the culture solution for the pathogen inhibiting bacteria for the perennial root dwarf disease of the Saccharum officinarum, the plant probiotics mixed solution and the soil amendment proportionally, and carrying out drying, crushing, sieving and granulating, thereby obtaining the microbial-fermented organic fertilizer. The organic fertilizer provided by the invention is high in fertility, can be used for truly effectively inhibiting the incidence of the perennial root dwarf disease of the Saccharum officinarum and can also be used for amending soil, improving the activity of the soil, increasing the yield of the Saccharum officinarum and shortening the ripening period of the Saccharum officinarum, thereby having very high economic and social benefits.