Exhibit 12.2

IMC Global Inc.

Computation of Ratio of Earnings to Fixed Charges and

Preferred Stock Dividends

	Six Months ended June 30,						Years ended December 31,
	2004			2003			2003			2002			2001			2000		1999
Fixed charges:
Interest charges	$	94.4		$	91.9		$	185.7		$	174.2		$	152.3		$	112.6	$	111.4
Net amortization of debt discount and premium and issuance expense		4.6			3.8			8.2			8.5			8.4			5.4		5.7
Interest portion of rental expense		3.6			4.3			8.0			8.0			6.7			5.0		6.4
Preferred stock dividend requirements		8.6			—			7.6			—			—			—		—
Total fixed charges	$	111.2		$	100.0		$	209.5		$	190.7		$	167.4		$	123.0	$	123.5
Earnings:
Earnings (loss) from continuing operations before minority interest	$	77.2		$	(55.3	)	$	(107.8	)	$	(0.2	)	$	(93.1	)	$	118.7	$	(390.0	)
Interest charges		94.4			91.9			185.7			174.2			152.3			112.6		111.4
Net amortization of debt discount and premium and issuance expense		4.6			3.8			8.2			8.5			8.4			5.4		5.7
Interest portion of rental expense		3.6			4.3			8.0			8.0			6.7			5.0		6.4
Preferred stock dividend requirements		8.6			—			7.6			—			—			—		—
Sub-total		188.4			44.7			101.7			190.5			74.3			241.7		(266.5	)
Less: Preferred stock dividend requirements		(8.6	)		—			(7.6	)		—			—			—		—
Total earnings (loss)	$	179.8		$	44.7		$	94.1		$	190.5		$	74.3		$	241.7	$	(266.5	)
Ratio of earnings to fixed charges and preferred stock dividendsa		1.6			0.5			0.5			1.0			0.4			2.0		(2.2	)

^a The Company’s earnings were insufficient to cover fixed charges and preferred stock dividends by $55.3 million for the six months ended June 30, 2003 and $115.4 million, $93.1 million and $390.0 million for the years ended December 31, 2003, 2001 and 1999, respectively.