Extreme heat strains Italy's 'cheese banks,' where Parmigiano backs farm loans
Extreme heat is squeezing Italy's "cheese banks", the climate-controlled vaults in Emilia-Romagna where hundreds of thousands of Parmigiano Reggiano wheels sit as collateral for farm loans, pushing up energy bills and thinning the milk supply that fills them.
This summer's heat waves in northern Italy have reached an unlikely balance sheet, namely, the warehouses where regional lenders store ageing cheese as security for the money they advance to dairy farmers.
Credito Emiliano, known as Credem, has taken... [2247 chars]
Published by: Euronews
Read full article here: https://www.euronews.com/business/2026/08/11/extreme-heat-strains-italys-cheese-banks-where-parmigiano-backs-farm-loans
