The invention relates to an agricultural chemical for controlling bakanae disease and drooping disease of rice, which belongs to agricultural chemicals and comprises the following materials with the weight percentages: 3-8% of metalaxyl, 15-25% of Prochloraz, and remaining carriers. The invention has the advantage that the invention provides a principle of integrated control technique according to the problems of control measurements existing in current production on the basis of firstly ensuring the regularity of bakanae disease and drooping disease outbreaks in the conditions of heat preservation and dry cultivation, i.e. once application by sterilizing and soaking seeds can control two diseases of bakanae disease and drooping disease; after being soaked, liquid medicine can be applied into seedbeds without environmental pollution.