The invention provides a multifunctional soil nutrient conditioner formula with low cost, practicality and effectiveness and a preparation method thereof aiming at the technical problems. The production technology is simple, the production cost is low, and no harmful gas and sewage are generated during production. The product can effectively provide dozens of nutritive elements required for plant growth, is applied by being combined with a common fertilizer and an organic fertilizer, and can obviously improve the utilization rate of the fertilizer, so as to reduce the fertilizer input; and simultaneously the product can obviously stimulate action of beneficial floras of the soil, inhibit action of causal organisms, and increase the disease suppression of the soil and the resistance of plants, and then can effectively control generation of physiological diseases and soil-borne diseases, so as to reduce the pesticide input. The fertilizer input and the pesticide input can be reduced by more than 15 to 30 percent, and the yield can be increased by more than 15 to 30 percent, and simultaneously the product quality is obviously improved and cost conservation and synergism are obvious. Moreover, the soil improvement effect is obvious, and the sustainable utilization capacity can be obviously enhanced.