An irrigation system for providing irrigation to a crop comprising a plurality of mobile support towers, a conduit, a plurality of drive motors, a plurality of sensors, and a control system. The conduit carries fluid and is supported by the mobile support towers. The conduit includes a valve which can be opened to allow fluid flow through the conduit and closed to prevent fluid flow through the conduit. The drive motors propel the mobile support towers. The sensors generate data regarding the amount of fluid used to irrigate the crop. The control system controls the operation of the valve and the drive motors and is configured to calculate a price of forecasted yield loss, calculate a cost of irrigation, and terminate irrigation if the cost of irrigation is greater than the price of the forecasted yield loss.
