Extreme heat strains Italy's 'cheese banks,' where Parmigiano backs farm loans
AI Summary
Extreme heat in Italy is impacting 'cheese banks' where Parmigiano Reggiano wheels are stored as collateral for farm loans. The heat is increasing energy costs and reducing milk supply, straining farm financing.
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.
Markets Health Commodities Energy Italy cheese banks Parmigiano Reggiano extreme heat energy costs milk supply farm loans