Exhibit 12

ConAgra Foods, Inc. and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges

($ in millions)

	Thirteen Weeks Ended
	August 25, 2013
Earnings:
Income from continuing operations before income taxes and equity method investment earnings	$	175.9
Add (deduct):
Fixed charges	122.4
Distributed income of equity method investees	5.9
Capitalized interest	(3.8		)
Earnings available for fixed charges (a)	$	300.4
Fixed charges:
Interest expense	$	100.1
Capitalized interest	3.8
One third of rental expense (1)	18.5
Total fixed charges (b)	$	122.4
Ratio of earnings to fixed charges (a/b)	2.5

⁽¹⁾ Considered to be representative of interest factor in rental expense.