Note 1 - The Company and Basis of Presentation	9 Months Ended
Mar. 31, 2014
Notes
Note 1 - The Company and Basis of Presentation	NOTE 1 — THE COMPANY AND BASIS OF PRESENTATION *Principles of Consolidation* — The accompanying condensed consolidated financial statements are presented in conformity with accounting principles generally accepted in the United States of America and include operations and balances of Agricon Global Corporation (formerly BayHill Capital Corporation) and its wholly-owned subsidiaries Canola Properties Ghana Limited (“CPGL”) and Agricon SH Ghana Limited (“ASHG”), both Ghanaian limited liability companies collectively “Agricon” or the “Company.” CPGL and ASHG were incorporated under the laws of Ghana on July 5, 2011 and November 7, 2012, respectively. Intercompany balances and transactions have been eliminated in consolidation. *Nature of Operations* — All of the Company’s business has been conducted through its two wholly-owned subsidiaries CPGL and ASHG. The Company is in the development stage and its business activities to date have been organizing the Company, locating appropriate land that might be leased or purchased for cultivating and harvesting agricultural products. The Company completed its first lease transaction on December 13, 2012 of 8,000 acres in the Shai Hill area near Accra, the largest city in Ghana. Subject to the Company receiving appropriate funding, and then satisfying our obligations under the capital lease (see Note 8), we plan to begin clearing and cultivating the land included in the first lease purchase during 2014. During the quarter ended December 31, 2013 the Company decided to discontinue its pursuit of the Lomo properties, which was the only activity in Canola Properties Ghana Limited, one of Company’s wholly owned Ghanian subsidiaries. All costs and expenses, relating to the Lomo properties, totaling $438,889 had been expensed in prior periods. The Company plans to locate and then lease additional undeveloped land in Ghana that can be cleared and used for agricultural purposes and prepare the land for cultivation and production of primarily rotation crops such as rice, maize (corn), canola, sunflower, and soya.

Note 1 - The Company and Basis of Presentation

9 Months Ended

Mar. 31, 2014

Note 1 - The Company and Basis of Presentation

NOTE 1 — THE COMPANY AND BASIS OF PRESENTATION

Principles of Consolidation — The accompanying condensed consolidated financial statements are presented in conformity with accounting principles generally accepted in the United States of America and include operations and balances of Agricon Global Corporation (formerly BayHill Capital Corporation) and its wholly-owned subsidiaries Canola Properties Ghana Limited (“CPGL”) and Agricon SH Ghana Limited (“ASHG”), both Ghanaian limited liability companies collectively “Agricon” or the “Company.” CPGL and ASHG were incorporated under the laws of Ghana on July 5, 2011 and November 7, 2012, respectively. Intercompany balances and transactions have been eliminated in consolidation.

Nature of Operations — All of the Company’s business has been conducted through its two wholly-owned subsidiaries CPGL and ASHG. The Company is in the development stage and its business activities to date have been organizing the Company, locating appropriate land that might be leased or purchased for cultivating and harvesting agricultural products. The Company completed its first lease transaction on December 13, 2012 of 8,000 acres in the Shai Hill area near Accra, the largest city in Ghana. Subject to the Company receiving appropriate funding, and then satisfying our obligations under the capital lease (see Note 8), we plan to begin clearing and cultivating the land included in the first lease purchase during 2014.

During the quarter ended December 31, 2013 the Company decided to discontinue its pursuit of the Lomo properties, which was the only activity in Canola Properties Ghana Limited, one of Company’s wholly owned Ghanian subsidiaries. All costs and expenses, relating to the Lomo properties, totaling $438,889 had been expensed in prior periods.

The Company plans to locate and then lease additional undeveloped land in Ghana that can be cleared and used for agricultural purposes and prepare the land for cultivation and production of primarily rotation crops such as rice, maize (corn), canola, sunflower, and soya.