EXHIBIT 12

CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
ARCHER-DANIELS-MIDLAND COMPANY
(DOLLARS IN THOUSANDS)

	2002			2003			2004			2005			2006
EARNINGS
EARNINGS BEFORE INCOME TAXES	$	718,937		$	630,973		$	718,011		$	1,516,375		$	1,855,250
LESS: EQUITY EARNINGS OF LESS THAN 50% OWNED UNCONSOLIDATED AFFILIATES		(9,122	)		(14,138	)		(84,931	)		(90,415	)		(66,592	)
LESS: CAPITALIZED INTEREST INCLUDED IN INTEREST EXPENSE BELOW		(6,023	)		(4,002	)		(6,909	)		(10,868	)		(10,942	)
TOTAL EARNINGS		703,792			612,833			626,171			1,415,092			1,777,716
FIXED CHARGES
INTEREST EXPENSES:
CONSOLIDATED INTEREST EXPENSE		355,956			359,971			341,991			326,579			365,180
CAPITALIZED INTEREST		6,023			4,002			6,909			10,868			10,942
TOTAL INTEREST EXPENSE		361,979			363,973			348,900			337,447			376,122
AMORTIZATION OF DEBT DISCOUNT AND EXPENSE		1,950			1,157			1,039			1,029			1,149
ONE-THIRD OF RENTAL EXPENSES		27,639			32,744			40,450			38,787			42,876
TOTAL FIXED CHARGES		391,568			397,874			390,389			377,263			420,147
EARNINGS AVAILABLE FOR FIXED CHARGES	$	1,095,360		$	1,010,707		$	1,016,560		$	1,792,355		$	2,197,863
RATIO OF EARNINGS TO FIXED CHARGES		2.80x			2.54x			2.60x			4.75x			5.23x