Carlyle to Buy $250 Million of Farm Loans in Private Credit Deal

Carlyle Group Inc. is purchasing $250 million of loans from FarmOp Capital, a lender that helps farmers deal with the seasonal flow of funds in agriculture, as the industry faces a wave of bankruptcies.

The deal is structured through a “forward flow agreement,” in which Carlyle commits to buying the loans before they are originated, according to a statement.

The loans go to farmers looking to buy supplies early in the season and sell grain after the harvest, Keir Renick, FarmOp’s chief executive officer, said in an interview.

The deal comes as farmers are struggling to cope with falling ...