Denis A. Nadolnyak


Agricultural Economics & Rural Sociology

(334) 844-5630 


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310 Comer Hall
Auburn Univ, AL 36849



  • 2003: Ph.D. Agricultural, Environmental, and Development Economics, The Ohio State University
  • 1997: M.A. Economics (Honors), Central European University, Hungary & University of Essex, UK
  • 1993: B.A. Engineering and Economics (Honors),Ukrainian State Maritime Technical University


  • Current Associate Professor, Department of Agricultural Economics and Rural Sociology, Auburn University
  • 2019: June Visiting Professor, Montpellier Business School, France
  • 2008-2012: Assistant Professor, Department of Agricultural Economics and Rural Sociology, Auburn University
  • 2006-2008: Research Fellow III, Department of Agricultural Economics and Rural Sociology, Auburn University
  • 2003-2006: Post-Doctoral Research Associate, Department of Agricultural & Applied Economics, University of Georgia
  • 2001-2003: Graduate Research Associate, Department of Agricultural, Environmental, and Development Economics, The Ohio State University
  • 1999: Consultant, FINCA International (Washington D.C.) / Rural Financial Markets Team (OSU) Project in Samara, Russia
  • 1997-1998: Research Associate, Department of Economics, University of Florida


  • American Economic Association (AEA)
  • Agricultural and Applied Economics Association (AAEA)
  • International Association of Agricultural Economists (IAAE)
  • European Association of Environmental and Resource Economists (EAERE)
  • Southern Agricultural Economics Association (SAEA)



My research program combines the related areas of risk analysis and climate impacts on agricultural production and finance. In particular, I am interested in the effects of climate variability and change on the agricultural sector and land values and on how financial risk management tools mitigate the related risks. In the area of agricultural and development finance, my research focuses on the impacts of financial services, firm heterogeneity, and legislative changes on productivity and growth. Recent research looks into the issues of farmer exit and entry.



  • AGEC 5090/6090 – Natural Resource and Environmental Economics
  • AGEC 7090 – Environmental and Resource Economics
  • AGEC 3100 – Computational Methods in Agricultural Economics
  • AGEC 7970 – Special Topics: Ph.D. Research Paper
  • AGEC 7960 – Special Problems in Agricultural Economics
  • AGEC 8990 – Research and Dissertation



  • Nadolnyak, D., V. Hartarska, and X. Shen*. 2017. “Farm Income and Output and Lending by the Farm Credit System,” Agricultural Finance Review, 77(1):125-136.
  • Nadolnyak, D., V. Hartarska, and X. Shen*. 2016. “Climate Variability & Agricultural Loan Delinquency in the US,” International Journal of Economics and Finance, 8(9): 238-249.
  • Hartarska, V., D. Nadolnyak, and R. Mersland. 2014. “Are Women Better Bankers for the Poor: Evidence from Rural Microfinance Institutions?” American Journal of Agricultural Economics, 96(5):1291-1306.
  • Li, S*, Z.Yang, D.Nadolnyak, Y.Zhang, and Y.Luo*. 2014.”Economic Impacts of Climate Change: Evidence from Freshwater Aquaculture Profits in China,” Aquaculture Researh, 47(5):1537-1548.
  • Li, S. *, D. Nadolnyak, J.D. Wesley*, and Y. Zhang. 2014. “Fertilizer Industry Subsidies in China: Who are the Beneficiaries?” China Agricultural Economic Review, 6(3):433-451.
  • Nadolnyak, D., and D. Vedenov. 2013. “Information Value of Climate Forecasts for Rainfall Insurance for Pasture, Rangeland, and Forage in the Southeast U.S.” Journal of Agricultural and Applied Economics, 45(1):109-124.
  • Chavez, H.*, D. Nadolnyak, and J. Kloepper. 2013. “Impact of Microbial Inoculants as an Integrated Pest Management Tool in Apple Production,” Journal of Agricultural and Applied Economics, 45(4):655-667.
  • Nadolnyak, D., and V. Hartarska. 2012. “Agricultural Disaster Payments in the Southeast U.S.: Do weather and climate variability matter?” Applied Economics, 44(33): 4331-4342.
  • Hartarska, V. and D. Nadolnyak. 2012. “Board Size and Diversity as Governance Mechanisms in Community Development Loan Funds in the USA,” Applied Economics, 44(33): 4313-4329.
  • Nadolnyak, D., M.J. Miranda, and I.M. Sheldon. 2011. “Genetically Modified Crops as Real Options: Identifying Regional and Country-Specific Differences,” International Journal of Industrial Organization, 29(4):455-463.
  • Hartarska, V., C. Parmeter, and D. Nadolnyak. 2011. “Economies of Scope of Lending and Mobilizing Deposits in Rural MFIs: A Semiparametric Analysis,” American Journal of Agricultural Economics, 93(2):389-398.
  • Nadolnyak, D., D. Vedenov and J.L. Novak. December 2008. “Information Value of Weather-Based Yield Forecasts in Selecting Optimal Crop Insurance Coverage,” American Journal of Agricultural Economics, 90(5):1248-1255.
  • Hartarska, V., and D. Nadolnyak. December 2008. “An Impact Analysis of Microfinance in Bosnia and Herzegovina,” World Development, 36(12): 2605-2619.
  • Hartarska V. and D. Nadolnyak. October 2008. “Does Rating Help Microfinance Institutions Raise Funds? Cross-Country Evidence,” International Review of Economics and Finance, 17(4): 558-571.
  • Hartarska V. and D. Nadolnyak. 2007. “Do Regulated Microfinance Institutions Achieve Better Sustainability and Outreach? Cross-Country Evidence,” Applied Economics, 39:1207–1222.
  • Nadolnyak, D. A., S. M. Fletcher, and V. M. Hartarska. 2006. “Peanut Production Cost Efficiency and Producer Characteristics in the Southeast: Implications for the Farm-Level Impacts of the 2002 Farm Act,” Journal of Agricultural and Applied Economics, 38(1): 213-224.


Outreach Activities:

  • Climate Impacts on Agriculture and Agricultural Lending in the Southeast
  • Farmers’ Financing Constraints and Entry and Exit
  • Impact of Microbial Inoculation Technology on Farming Efficiency