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

12 Months Ended

Jun. 30, 2014

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, 2013		Adjustment		June 30, 2014
Gufeng	$	5,184,759	$	19,227	$	5,203,986

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,
	2014		2013		2012
Net Income for Basic Earnings Per Share	$	25,514,695	$	44,774,048		41,957,825
Basic Weighted Average Number of Shares		31,403,001		27,775,964		26,943,530
Net Income per Share – Basic	$	0.81	$	1.61		1.56
Net Income for Diluted Earnings Per Share		25,514,695		44,774,048		41,957,825
Diluted Weighted Average Number of Shares		31,403,001		27,775,964		26,943,530
Net Income per Share – Diluted	$	0.81	$	1.61		1.56