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Better Fishing Rods adds a couple of new fishing rods that will give you abilities like Regeneration, Jump Boost, Emeralds, etc, when you get a catch using the rod. You can also use the Lucky Pad item to upgrade you bows, and doing so will give you the Luck Effect. Furthermore, using a rod for longer will level it up, which enhances it's abilities.
Take a look at the screenshots to see what you can expect from this mod. This is a Forge mod and download links are given below. Read the installation instructions carefully.