And in Italy, there are cheese bags. So, hundreds of thousands of rolls or wheels of Parmigiano, Regiano are stored as lone collateral. Now, these wheels of cheese can be valued anywhere from 800 to $2,000. So, it's not just that there's a bunch of cheese being used to collateralize a loan, okay? 300,000 wheels of Parmesan, okay? That's a lot of cheese, valued at $1,000 for a wheel. That's 200 million in loans. The banks will seize and sell the cheese if the farmer can't pay it back.
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