Ever since I learned that, I've wanted to try coating my cheese with Elmer's glue. I wonder if it is cheaper to do that....
I would thin the wood glue with a little water and apply with a brush. Paint on a second coat when the first is dry. It will likely take an hour or two to dry completely each time.
I don't know how essential the mold inhibitor is, but I reckon that as you don't use mold inhibitors when you wax or vac pack you won't need to worry about that.
As an experiment you could cut a small piece off a cheese you already have and coat it all over.
Any results positive or negative should be apparent after a couple of months.
It would be easy and cheap to set up such a trial.
As far as I understand it you will need to cut off the papery dried layer of the adhesive when you are ready to consume the cheese. There is no taste or ill effects but it is a plasticky material rather than an edible one.