Study: Tomato prices could double without agreement

January 28, 2013 12:00:00 AM PST
First it was the fiscal cliff, then the dairy cliff, now get ready for the tomato cliff.

According to a new study, if the United States terminates a trade agreement with Mexico, we could end up paying huge prices for tomatoes.

A group of growers in Florida is asking the government to keep Mexican tomatoes out of the U.S. market -- accusing their Mexican counterparts of selling tomatoes for less than it costs to produce them. They say the price difference is leading to huge losses for American growers.

The study says if the agreement is not renewed, tomato prices in the U.S. could double.