Budgeford was a Hobbit settlement in the eastern part of the Shire, so close to the Brandywine Bridge that it fell in the district known as Bridgefields. It lay on the tributary of the Brandywine known simply as the Water. The town of Budgeford was the seat of the Bolgers, an important family among the Shire-hobbits.
The 'ford' in its name apparently derives from a ford across this stream.
N.B. in the Shire Map the name is written Budge Ford, perhaps denoting especially the ford.