The invention relates to a full alfalfa peptide nutriment and a preparation method of the full alfalfa peptide nutriment. The full alfalfa peptide nutriment provided by the invention contains 3 percent to 90 percent of a mixed active peptide of oligopeptide, short peptide and polypeptide, and further contains linoleic acid, linolenic acid, oleic acid, carotene, VB1, VB2, VB12, VC, VK, VA, nicotinic acid, calcium, phosphorus, iron, potassium, magnesium, sodium, zinc, selenium, manganese, tricin, medicagol, glucose and water; the full alfalfa peptide nutriment is prepared by the following steps: crushing alfalfa into powder and adding water to prepare paste; grinding the paste and carrying out ultrahigh-pressure homogenization to enable the material fineness to reach 700 meshes to 800 meshes; carrying out pulse type steam impacting under high pressure and high temperature; adding amylase and lipase, and standing and carrying out constant-temperature biochemical treatment; adjusting the pH (Potential of Hydrogen) value to be 6 to 8; adding neutral proteinase and homogenizing in an ultrahigh-pressure homogenization machine; standing and carrying out biochemical treatment again; finally, killing enzyme and sterilizing, and separating out a full alfalfa peptide raw solution, so as to prepare the full alfalfa peptide nutriment.