There are perceptions that the Sufficiency Economy principle is applicable only to the rural and agriculture sectors. In fact it is a philosophy that can be applied to all aspects of life, from managing household budgets to the financial affairs of large corporations. However, since the majority of Thai people are engaged in agriculture, His Majesty has suggested a practical tool to help reach the goals of the Sufficiency Economy – the “New Theory” of integrated farming practices.
This set of systematic guidelines for proper management of land and water resources is designed so that farmers can be self-sufficient and have security in their occupations. It is a blueprint to strengthen families and communities in a step-by-step manner.