Wall Street banks bailing on distressed U.S. Farm sector

Wall Street banks bailing on distressed U.S. Farm sector

CHICAGO/WASHINGTON (Reuters) – when you look at the wake of this U.S. Housing meltdown of this 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 brand new opportunities when you look at the rural Midwest – financing to U.S. Farmers who’d an abundance of earnings and security as costs for grain and farmland surged. Continue reading “Wall Street banks bailing on distressed U.S. Farm sector”