To start a new life, early settlers bought the land in which Preeceville is now located. It was a place where the land was unbroken and waiting to be worked. Many settlers came from the United States and others came from Asian and European countries. To increase the settlement of the smaller villages, the government sent agents to the British Isles to encourage the English people to immigrate to this land. The Preece family was among the first to come to the area. They set up a homestead and began to farm. Their land was later surveyed in 1911 to see if it was suitable to become the site of the town. In 1912 the family gave their land to the town and in honor of the Preece family the town was called Preeceville.