Italy’s ‘Cheese Banks’ Power €4Bn Dairy Economy
In a unique blend of finance and dairy, Italy’s Parmigiano Reggiano industry has evolved into a €4 billion powerhouse, where cheese wheels themselves function as collateral in a highly structured “cheese banking” system. In the Emilia-Romagna region, specialized banks store thousands of Parmigiano Reggiano wheels in climate-controlled vaults, allowing dairy producers to secure loans while…