The invention discloses a slow-release peanut fertilizer application method capable of realizing high efficiency and increasing yield. The slow-release peanut fertilizer application method capable of realizing high efficiency and increasing yield comprises the following steps of: (1) confirming soil property; (2) spreading a slow-release fertilizer before land cultivation, and plowing the land for 20-25cm; and (3) spreading an ordinary fertilizer before forming a ridge; forming the ridge, and applying a fertilizer package in the ridge. Compared with the conventional application of an ordinary pure nitrogen fertilizer, The slow-release peanut fertilizer application method disclosed by the invention can achieve the following effects that: compared with the conventional application of ordinary pure nitrogen fertilizer, a single peanut plant can produce 1.2-2.4 more peanuts compared with the conventional application of ordinary pure nitrogen fertilizer, full pod rate is increased by 1.6-7.3 percentage points, seed pod production rate is increased by 1.3-3.1 percentage points, and seed pod yield is increased by 14.7-19.7%; and, compared with the application of a pure slow-release nitrogen fertilizer, the single peanut plant can produce 0.5-1.6 more peanuts, the full pod rate is increased by 0.4-3.2 percentage points, the seed pod production rate is increased by 0.7-2.2 percentage points, and the seed pod yield is increased by 8.7-11.4%.