PROPERTY, PLANT AND EQUIPMENT

3 Months Ended

Sep. 30, 2011

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 consisted of the following:

	September 30,			June 30,
	2011			2011
Building and improvements	$	43,530,291		$	44,032,549
Auto		1,542,865			1,491,849
Machinery and equipment		33,082,580			32,862,361
Agriculture assets		3,444,687			1,607,333
Total property, plant and equipment		81,600,423			79,994,092
Less: accumulated depreciation		(15,052,325	)		(13,782,651	)
Total	$	66,548,098		$	66,211,441

Depreciation expense for the three months ended September 30, 2011 and 2010 were $1,132,399 and $852,963, respectively.

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