Chemical fertilizer and pesticide based modern agriculture technology promoted greatly the food production. However, the resulting ecological and economic impact have not always been positive, and often negative impact occurred such as soil erosion, water pollution and pesticide contamination on the produced foods. Present paper dealt with the concept and practice of environment friendly organic farming and its practice in subtropics. In order to get agriculture sustained; we must develop a balanced system in between the production system and the natural ecological system. The present paper tried to build this balancing mechanism by replacing chemical fertilizer with organic manure and green manure, and also to replace chemical pesticides by integrate pest management (IPM) method of pest control. In this connection, the use of proper amount of compost made of farm residues was emphasized. For IPM, rotational system of culture, biological control of crop pests, application of sex-pheromone and yellow sticky plate to trap harmful insects on the farm have been proposed based on the data collected from the field experiments. Economy of producing organic rice was analyzed with regards to input (investment) and output (benefic gain) from the organic rice farming. Present status and outlook of environment friendly organic farming in various countries was discussed.