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

The nation’s biggest bank found enticing new opportunities into the rural Midwest – financing to U.S. Farmers that has lots of earnings and security as costs for grain and farmland surged.

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