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The Parmigiano vault: How Italy’s ‘cheese banks’ power a 4 billion euro industry May 2, 2026 at 01:43AM

In Emilia-Romagna, Italy, hundreds of thousands of wheels of Parmigiano Reggiano cheese are stored in climate-controlled warehouses, serving as valuable collateral for loans. This unique financial system allows producers to overcome cash flow challenges caused by the cheese's lengthy aging process, ensuring the industry's continued operation and growth.