All salmon that are on their way to the spawning grounds in River Norðurá passes the Flóðatangi area and therefore is a good chance of catching salmon there. This fishing area also has resident brown trout and Arctic char. Fishing licenses have been of good value at Flóðatangi and are still so. There are a few ancient fishing pools like Kastalahylur, Hlöðutúns- kvísl og Ármót, but many other good ones. The area is well marked and it is important to respect boundaries.
In 2020 an alteration was made to the sale of fishing licenses. The Union Efling took over the lease of Flóðatangi together with Einar Sigfússon for the angling club of Norðurá. Licenses are sold in the Service Center at Svignaskarð, Borgarfjörður.