The frost has had a catastrophic impact on New Jersey's agricultural sector, with some farmers losing their entire harvest. Approximately 30% of crops in many areas were damaged, meeting the threshold for federal aid eligibility. The financial losses, estimated at $300 million, threaten the livelihoods of farming families and the stability of local economies. The damage to tree fruits and berries could also have long-term effects on the state's agricultural capacity, potentially reducing yields in future seasons.