PROPERTY, PLANT AND EQUIPMENT

6 Months Ended

Dec. 31, 2012

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 consist of the following:

	December 31,			June 30,
	2012			2012
Building and improvements	$	35,200,303		$	36,174,009
Auto		715,090			835,412
Machinery and equipment		72,918,242			63,280,923
Agriculture assets		3,165,281			3,163,286
Total property, plant and equipment		111,998,916			103,453,630
Less: accumulated depreciation		(28,631,625	)		(23,388,469	)
Total	$	83,367,291		$	80,065,161

 Depreciation expenses for the three months ended December 31, 2012 and 2011 were $2,426,100 and $1,215,477, respectively. Depreciation expenses for the six months ended December 31, 2012 and 2011 were $5,228,391 and $2,347,876, respectively.

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