Willow by George Lucas

Willow Ufgood lives a peaceful life. He farms his land and cares for his family, dreaming of becoming a great wizard. But a small, smiling baby girl is about to change his life.
Her name is Elora Danan. She is only a few months old and has already escaped several dangers before arriving in Willow's lands. And now a much more perilous journey is about to begin.
Elora Danan was born to fulfill an ancient prophecy: to vanquish the evil power of Bavmorda and end her reign in Nockmaar. The Queen, with her wicked henchmen, her fearsome Death Hounds, is desperately searching for her to kill her.
Willow will have to save her. Two mischievous sprites, a renegade warrior, and a good sorceress join him on the journey.
 
- Goodreads Summary