"YICHUN, August 21 - The 2014 China Youhao Blueberry Festival was recently launched at the blueberry-picking garden of the Youhao Forestry Bureau under the Longjiang Forestry Industry Administration. The Youhao Forestry Bureau grew a vast variety of blueberry species, and the planting area totaled more than 680 hectares of blueberry this year. The blueberry at the gardens underwent the SGS inspection and the bureau has won the certification of the global good practice of agriculture. This year, the Youhao Blueberry brand was awarded the China Geographical Indication Mark certification by the State Administration for Industry and Commerce." ( 11-25-2014 )
THIS YEAR 'STARTS' THE 59 ACRE BLUEBERRY PLANT HARVESTING THAT COST MILLIONS, & IS WORTH A LOT MORE.
10Q for 9-30-2011, filed 11-21-2011:
"NOTE 7 – PREPAID LAND USE RIGHT AND LONG-TERM GROW CROP INVENTORIES
Prepaid land use right
On June 23, 2011, the Company entered into a lease with the Youhao Forestry Bureau, Heilongjiang Province (the “Bureau”) to lease 59 acres of blueberry fields from the Bureau (the “Youhao Land”). The cost of land use right was $620,208, and is being amortized over the 50 year life of the lease.
Long term growth crop inventories
On August 27, 2011, the Company has signed an agreement with the Bureau and agreed to pay the Bureau for the blueberry plants growing on the Youhao Land when it was leased. As of September 30, 2011, the total fair value of the blueberry plants was determined to be $1,376,661 and was paid to the Bureau. As of September 30, 2011, the plants were approximately three years old. A typical blueberry plant will mature in 6 years, after which it can be harvested. The Company currently plans to maintain the plants and harvest them.
In addition, the Company has agreed to pay a management fee to the Bureau for four years services on behalf of the Company for growing the plants from July 2011 to June 2015. The management fee is $857,966 for the first year, $260,793 for the second year, $288,923 for the third year, and $386,104 for the fourth year."
