PROPERTY, PLANT AND EQUIPMENT

3 Months Ended

Sep. 30, 2012

Property, Plant and Equipment [Abstract]

Property Plant and Equipment Excluding Construction Progress Disclosure [Text Block]

NOTE 6 - PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consist of the following:

	September 30,			June 30,
	2012			2012
Building and improvements	$	41,804,139		$	36,174,009
Auto		852,333			835,412
Machinery and equipment		61,865,034			63,280,923
Agriculture assets		3,157,294			3,163,286
Total property, plant and equipment		107,678,800			103,453,630
Less: accumulated depreciation		(26,146,463	)		(23,388,469	)
Total	$	81,532,337		$	80,065,161

Depreciation expenses for the three months ended September 30, 2012 and 2011 were $2,802,291 and $1,132,399, respectively.

Agriculture assets consist of reproductive trees that are expected to be commercially productive for a period of eight years.