NOTE 10 - SUBSEQUENT EVENTS	6 Months Ended
Dec. 31, 2012
Subsequent Events [Abstract]
NOTE 10 – SUBSEQUENT EVENTS	NOTE 10 – SUBSEQUENT EVENTS On January 3, 2013 the Company announced its execution of a Letter of Intent (LOI) to merge with Africa Farmlands, Inc. (AFL), an Iowa Corporation, by acquiring all issued and outstanding shares of AFL and controlling interest in its two Ghanaian Subsidiaries. If the LOI leads to a completed agreement, Agricon will issue 25,000,000 unregistered shares of its common stock to acquire all of the shares, presently outstanding of AFL. The terms of the agreement will require that AFL and its associates complete a private placement of Agricon common stock in an amount of not less than $10 million. If the acquisition and private placement are completed on the terms contemplated, the Company would have 43,874,841 shares issued and outstanding--prior to any share issuances for the anticipated $10 million private investment in public equity (PIPE), and future funding needs—of which current Agricon shareholders would own approximately 43%. If the LOI leads to a completed agreement, Two of Agricon’s present board members will resign and three new board members will be appointed. Agricon expects its present management team to remain and be augmented by AFL management team.

NOTE 10 - SUBSEQUENT EVENTS

6 Months Ended

Dec. 31, 2012

NOTE 10 – SUBSEQUENT EVENTS

On January 3, 2013 the Company announced its execution of a Letter of Intent (LOI) to merge with Africa Farmlands, Inc. (AFL), an Iowa Corporation, by acquiring all issued and outstanding shares of AFL and controlling interest in its two Ghanaian Subsidiaries. If the LOI leads to a completed agreement, Agricon will issue 25,000,000 unregistered shares of its common stock to acquire all of the shares, presently outstanding of AFL. The terms of the agreement will require that AFL and its associates complete a private placement of Agricon common stock in an amount of not less than $10 million. If the acquisition and private placement are completed on the terms contemplated, the Company would have 43,874,841 shares issued and outstanding--prior to any share issuances for the anticipated $10 million private investment in public equity (PIPE), and future funding needs—of which current Agricon shareholders would own approximately 43%.

If the LOI leads to a completed agreement, Two of Agricon’s present board members will resign and three new board members will be appointed. Agricon expects its present management team to remain and be augmented by AFL management team.