Exhibit 12

Calculation of Ratio of Earnings to Fixed Charges

Archer Daniels Midland Company

Expressed in Thousands

	Year Ended June 30								Six Months Ended December 31		Year Ended December 31
	2009		2010		2011		2012		2012		2013
Earnings
Earnings Before Income Taxes		$2,499,557	$	2,585,099	$	3,015,311		$1,764,898	$	997,275	$	2,023,341
Less: Equity in Earnings of
Unconsolidated Affiliates, Net of
Dividends	55,367		(326,232)		(396,755)		(243,121)		(200,833)		(285,263)
Less: Capitalized Interest
Included in Interest Expense Below	(94,532)		(75,060)		(7,211)		(20,869)		(11,548)		(16,434)
Less: Noncontrolling Interest	(3,751)		10,996		17,573		(18,387)		(2,184)		(11,868)
Total Earnings	2,456,641		2,194,803		2,628,918		1,482,521		782,710		1,709,776
Fixed Charges
Interest Expenses:
Consolidated Interest Expense	469,059		421,461		482,298		441,765		212,527		412,810
Capitalized Interest	94,532		75,060		7,211		20,869		11,548		16,434
Total Interest Expense	563,591		496,521		489,509		462,634		224,075		429,244
Amortization of Debt Discount(1)	3,832		3,805		4,282
One Third of Rental Expenses	72,289		80,682		83,764		69,648		35,295		66,311
Total Fixed Charges	639,712		581,008		577,555		532,282		259,370		495,555
Earnings Available for Fixed Charges		$3,096,353	$	2,775,811	$	3,206,473		$2,014,803		$1,042,080	$	2,205,331
Ratio of Earnings to Fixed Charges	4.84		4.78		5.55		3.79		4.02		4.45

⁽¹⁾ Effective fiscal 2012, the Company reclassified amortization of debt discount to interest expense.