Exhibit 12

Calculation of Ratio of Earnings to Fixed Charges

Archer-Daniels-Midland Company

Expressed in Thousands

																	Six Months
	Fiscal Years Ended															Ended
	June 30															December 31
	2008			2009			2010			2011			2012				2012
Earnings
Earnings Before Income Taxes	$	2,594,399		$	2,499,557		$	2,585,099		$	3,015,311		$	1,764,898			$	997,275
Less: Equity in Earnings of
Unconsolidated Affiliates, Net of
Dividends		(284,316	)		55,367			(326,232	)		(396,755	)		(243,121	)			(200,833	)
Less: Capitalized Interest
Included in Interest Below		(52,110	)		(94,532	)		(75,060	)		(7,211	)		(20,869	)			(11,548	)
Less: Noncontrolling Interest		(6,103	)		(3,751	)		10,996			17,573			(18,387	)			(2,184	)
Total Earnings		2,251,870			2,456,641			2,194,803			2,628,918			1,482,521				782,710
Fixed Charges
Interest Expense:
Consolidated Interest Expense		512,922			469,059			421,461			482,298			441,765				212,290
Capitalized Interest		52,110			94,532			75,060			7,211			20,869				11,548
Total Interest Expense		565,032			563,591			496,521			489,509			462,634				223,838
Amortization of Debt Discount (1)		3,250			3,832			3,805			4,282
One Third of Rental Expenses		67,106			72,289			80,682			83,764			69,648				35,295
Total Fixed Charges		635,388			639,712			581,008			577,555			532,282				259,133
Earnings Available for Fixed Charges	$	2,887,258		$	3,096,353		$	2,775,811		$	3,206,473		$	2,014,803			$	1,041,843
Ration of Earnings to Fixed Charges		4.54			4.84			4.78			5.55			3.79				4.02

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