In the upper part of Jökuldalur, where Studagil canyon is located, sheep farming is the dominant profession of the farmers although many of them are also working a second job beside their farming in Egilsstadir or elsewhere. In this part of the valley the sheep roam freely in the nature during the summertime and can be seen almost everywhere. Jökuldalur is rich of wildlife whereas many species of animals habit the valley. Many species of birds lay their eggs here in the springtime. The white-fronted goose (highland goose) is the dominant habitant in this valley and can be seen in vast numbers during the summer all around the valley along with many other bird species. Wild reindeers can also be seen, particularly in the upper part of the valley. As this valley is located high and deep in the country far from the sea, the weather during summer times can be very good and stable, but also very hard and cold during the wintertime with relatively high freezing temperature and a lot of snow.