The invention relates to a multielement organic humic acid watering liquid fertilizer and a preparation method thereof. The weight percentage of main materials are as follows: 40 to 45 percent of waste mash, 15 to 20 percent of coal powder, 17 to 25 percent sugar mire, 20 to 25 percent of straws or bagasse, 0.5 to 1 per thousand of molasses, 1 to 1.5 per thousand of ferrous sulfate and 1.5 to 3 per thousand of fermentation strain. The main materials of the invention come from the waste of sugar factories, agricultural production and coal mining. The method is low in production cost and relatively simple in production process and technical equipment, and products are safe and reliable with no residue and no heavy metal beyond standard, so the multielement organic humic acid watering liquid fertilizer is suitable for developing organic agriculture, ecological agriculture, green agriculture and harmless agriculture and has significant ecological, economic and social benefits. Furthermore, the multielement organic humic acid watering liquid fertilizer can balance agricultural soil flora, flora, nutrition, acid base and ecology and has considerably good manurial effect and good control efficiency to plant diseases and insect pests such as downy mildew, powdery mildew, black spot, leaf blight, mosaic diseases, black shank, aphids, cutworms, soft rot and virus diseases and the like. in the practical application.