In 1992, His Majesty the King introduced the concept of the New Theory, outlining an agricultural approach which emphasizes proper land and water management for optimum benefits. His Majesty was well aware of several factors that had impeded productive agriculture, including limited land area, risks from adverse climate and rain suspension periods, and lack of apt agricultural methods to replace the widespread mono-cropping practice.
The New Theory is an alternative to other agricultural methods adopted by farmers who are financially challenged and own very little land on which to make a living. The core principle of the theory is to adhere to the guideline of the Sufficiency Economy Philosophy, which encourages farmers to conduct their lives in moderation and enables them to become self-reliant.