BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jun. 30, 2012

Accounting Policies [Abstract]

Schedule Of Estimated Useful Life Of Fixed Assets [Table Text Block]

Depreciation for financial reporting purposes is provided using the straight-line method over the estimated useful lives of the assets:

	Estimated Useful Life
Building	10-25 years
Agricultural assets	8 years
Machinery and equipment	5-15 years
Vehicles	3-5 years

Schedule of Goodwill [Table Text Block]

Summary of changes in goodwill by reporting segments is as follows:

			Foreign
	Balance at		Currency		Balance at
Entity	June 30, 2011		Adjustment		June 30, 2012
Gufeng	$	4,957,245	$	118,564	$	5,075,809

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The components of basic and diluted earnings per share consist of the following:

	For the Years Ended June 30,
	2012		2011		2010
Net Income for Basic Earnings Per Share	$	41,957,825	$	32,914,101	$	21,289,758
Basic Weighted Average Number of Shares		26,943,530		25,929,517		23,468,246
Net Income per Share – Basic	$	1.56	$	1.27	$	0.91
Net Income for Diluted Earnings Per Share	$	41,957,825	$	32,914,101	$	21,289,758
Diluted Weighted Average Number of Shares		26,943,530		25,929,517		23,468,246
Net Income per Share – Diluted	$	1.56	$	1.27	$	0.91