Fertilizer encapsulation through polymer membranes can reduce fertilizer losses and minimize environmental pollution. In this paper, an emulsion of ethyl cellulose (EC)/vinyl acetate (VAc)/butyl acrylate (BA) was successfully prepared by pre-emulsified semi-continuous seed emulsion polymerization. EC/BA/VAc films showed biodegradability. The influence of the EC content on the properties of EC/BA/VAc films was also investigated by DSC, a water absorbency analysis, etc. Controlled-release urea encapsulated by EC/BA/VAc latex was prepared in a film coating machine and conformed to the standards for slow-release fertilizers of the Committee of European Normalization. The release of urea from controlled-release urea encapsulated by EC/BA/VAc latex containing 0%, 5%, 10%, and 15% EC was 75.1%, 65.8%, 70.1% and 84.1%, respectively, after 42 days, and controlled-release urea encapsulated by EC/BA/VAc latex (5% EC) had the best controlled-release ability. Therefore, controlled-release urea encapsulated by EC/BA/VAc latex has many potential applications in agricultural industry.