The mycotoxin issue requires constant vigilance from economic, regulatory, and scientific agents to minimize its toxicological effects on human and animals. The implementation of good practices to avoid fungal growth and mycotoxin production on agricultural commodities is essential to achieve most restrictive safety standards; however, the contribution of novel technologies that may act on postharvesting and poststorage situations may be equally important. Several methodologies, more or less technologically advanced, may be used for this purpose. In this work, we review the role, contribution, and impact of irradiation technology to control the presence of fungi and mycotoxins in food and in feed. The effect of this technology on the viability of mold spores and on the elimination of mycotoxins is reviewed. A critical evaluation of the advantages and disadvantages of irradiation in this context is presented.