I would say it depends on your climate, ie rainfall. We are in a high desert area and get around 12" of rain/year, and most of it is in snow when it is to cold to grow anything. Irrigation can make land much more productive, but it comes at a price. I can easily run between 1.75 and 2.5 pairs/acre from April 15 or so though about October 15 (depends on the year) on irrigated pasture. I would say around 1 pair for one month dryland on comparable land. BUT... That increase can cost around $80 acre for the irrigation alone. Now if that gap was less and I could even find other pasture in the summer I would. Irrigating in a dry area can run you to death. We have gone to some grazing under center pivots, which are oh so much better than wheelines or hand lines and grow a lot more grass than flood irrigation. Again, they are expensive initially although cheaper to run than other sprinkler irrigation.
I am getting long winded here but basically for irrigation to work you need:
A source of water; well or surface. Surface is cheaper because you don't have to pay to lift water (I have one 125hp pump on a 325' deep well, the power bill is ridicolous) but you have to have a water right.
The capital needed to install an irrigation system, which will depend on everything from field size and shape to soils, etc.
And last but not least the increased production must cover the operating cost of the system, pay back the capital used for installation over a reasonable lenth of time, and still leave you some extra profit for all the messing around with pipe, you time, etc. Let us know more details and maybe I can give you more advice.