Traditional farming, along with tourism, is operated at Snorrastadir. The place has been owned by the same family since 1883 and now the fourth and fifth generations live there. The main activity has been meat and milk production and now a new cowshed with a robot has been introduced, the third in 90 years.        

Tourism has been operating at Snorrastaðir since 1992, mainly in the form of accommodation in cabins and also good facilities for groups of all sizes and types.