Exhibit 12

ConAgra Foods, Inc. and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges

($ in millions)

	Twenty-six weeks ended
	November 24, 2013
Earnings:
Income from continuing operations before income taxes and equity method investment earnings	$	522.5
Add (deduct):
Fixed charges	234.7
Distributed income of equity method investees	10.7
Capitalized interest	(7.6		)
Earnings available for fixed charges (a)	$	760.3
Fixed charges:
Interest expense	$	196.4
Capitalized interest	7.6
One third of rental expense (1)	30.7
Total fixed charges (b)	$	234.7
Ratio of earnings to fixed charges (a/b)	3.2

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