Originally a farming community, Goodfield is located on the border of Woodford and Tazewell Counties in the heart of Illinois. With access to Interstate 74, Goodfield is halfway between Peoria (home of Caterpillar, Inc.) and Bloomington (home of State Farm Insurance). The Village has grown to over 700 residents, with significant growth occurring over the past 20 years as families have chosen this small town in which to raise their children while commuting to the nearby cities to work. The Village has restaurants, service stations, a bank, post office, lumber/hardware store, grade school, churches, library and park. The village is governed by a Village Board of Trustees led by the Village President.