Note 10 - Assets Held For Sale	6 Months Ended
Dec. 31, 2011
Long Lived Assets Held-for-sale, Description	NOTE 10:ASSETS HELD FOR SALE Transition Period ended December 31, 2011 The Company acquired a grain elevator in conjunction with the acquisition of LDI’s Distillery Business that is not expected to be used. Accordingly, this facility and its related assets totaling $2,300 are being reported as current assets as Assets held for sale on the Company’s Consolidated Balance Sheet as of December 31, 2011. The Company’s estimate of fair value is based on current negotiations. Fiscal 2010 activity On August 21, 2009, the Company sold its Kansas City, Kansas, facility for proceeds of $3,585, less closing costs, with potential additional payments based on the buyer’s income from sales of the Company’s existing products to the Company’s existing customers over the next three years ending July 31, 2012, with the final potential amount payable November 1, 2010. The sale included all equipment used for the production and packaging of pet-related products, which principally include extruded plant-based resins and finished pet treats. The Company retained ownership of equipment that is used for the production of its Wheatex® textured wheat proteins, which are sold for use in meat extension and vegetarian product applications. This equipment is located in a separate section of the facility that has been leased to the Company for a period of three years ending August 20, 2012 and is operated by a subsidiary of the buyer under a toll manufacturing arrangement. In connection with the sale of the Kansas City, Kansas facility, liabilities related to these assets held for sale as of June 30, 2009, totaling $2,725, were paid with the sale proceeds. On November 20, 2009, the Company completed a series of transaction pursuant to which the Company contributed its Pekin plant and certain maintenance and repair materials to a newly formed company, Illinois Corn Processing, (“ICP”) and then sold a 50% interest in ICP. See Note 3. Investment in Joint Ventures.

Note 10 - Assets Held For Sale

6 Months Ended

Dec. 31, 2011

Long Lived Assets Held-for-sale, Description

NOTE 10:ASSETS HELD FOR SALE

Transition Period ended December 31, 2011

The Company acquired a grain elevator in conjunction with the acquisition of LDI’s Distillery Business that is not expected to be used. Accordingly, this facility and its related assets totaling $2,300 are being reported as current assets as Assets held for sale on the Company’s Consolidated Balance Sheet as of December 31, 2011. The Company’s estimate of fair value is based on current negotiations.

Fiscal 2010 activity

On August 21, 2009, the Company sold its Kansas City, Kansas, facility for proceeds of $3,585, less closing costs, with potential additional payments based on the buyer’s income from sales of the Company’s existing products to the Company’s existing customers over the next three years ending July 31, 2012, with the final potential amount payable November 1, 2010. The sale included all equipment used for the production and packaging of pet-related products, which principally include extruded plant-based resins and finished pet treats. The Company retained ownership of equipment that is used for the production of its Wheatex® textured wheat proteins, which are sold for use in meat extension and vegetarian product applications. This equipment is located in a separate section of the facility that has been leased to the Company for a period of three years ending August 20, 2012 and is operated by a subsidiary of the buyer under a toll manufacturing arrangement. In connection with the sale of the Kansas City, Kansas facility, liabilities related to these assets held for sale as of June 30, 2009, totaling $2,725, were paid with the sale proceeds.

On November 20, 2009, the Company completed a series of transaction pursuant to which the Company contributed its Pekin plant and certain maintenance and repair materials to a newly formed company, Illinois Corn Processing, (“ICP”) and then sold a 50% interest in ICP. See Note 3. Investment in Joint Ventures.