The Fisher Farm Site has been crucial to the understanding of Late Woodland archaeology in central Pennsylvania. Before excavations at Fisher Farm, research at Late Woodland villages in the region had been conducted at stockaded villages along rivers; sites such as Fisher Farm, which was smaller than the fortified villages and located along a less significant waterway, had been little studied. It has been suggested that these small villages were politically connected to the larger communities, although whether individuals would migrate between large and small villages is disputed. Much of the cultural evidence at the site is derived from pottery recovered in 1978 from the former streambed. While previous models had held that different styles of pottery replaced one another in a sudden fashion, the development of designs seen at Fisher Farm seems to indicate a more gradual transition from style to style. Finally, the Fisher Farm Site was the first of many villages to be excavated in the Nittany Valley; as such, it has become somewhat of a type site in the region. Findings at the site have led to the proposal of a new model of Late Woodland culture in the region.
In 1982, the Fisher Farm Site was placed on the National Register of Historic Places for its place as a significant archaeological site.