The Risks and Impacts of Farming
Price fluctuation of agricultural produce and commodities as a result of modern economic development
Unproductive conditions such as dry spells and droughts
Natural disasters such as flooding and epidemics
The patterns of production such as plant diseases and pest problems, lack of manpower, debts, and loss of land
His Majesty believed that if the farmers acted with due consideration based on knowledge of past price fluctuations of agricultural commodities they would see how risky it is to concentrate all one’s resources in such commodities expecting large profits. And if they adopted the principle of self-immunity, they would prepare for price changes in the market by producing enough to eat as a priority and only then think of selling any surplus.
New Theory: Integrated and Sustainable Agricultural System
In a more tangible sense, His Majesty developed the New Theory as a system of integrated and sustainable agriculture, embracing his thoughts and efforts in water resource development and conservation, soil rehabilitation and conservation, sustainable agriculture and self-reliant community development. The aim is to optimize farmland.