CHICAGO/WASHINGTON (Reuters) – within the wake associated with the U.S. Housing meltdown for the belated 2000s, JPMorgan Chase & Co hunted for brand new techniques to expand its loan company beyond the troubled mortgage sector.

The nation’s bank that is largest found enticing new opportunities within the rural Midwest – financing to U.S. Farmers that has a good amount of earnings and collateral as charges for grain and farmland surged.

JPMorgan expanded its farm-loan profile by 76 per cent, to $1.1 billion, between 2008 and 2015, in accordance with figures that are year-end as other Wall Street players piled to the sector.

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