EXHIBIT 12

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

	2003			2004			2005			2006			2007
EARNINGS
EARNINGS BEFORE INCOME TAXES	$	630,973		$	718,011		$	1,516,375		$	1,855,250		$	3,153,970
LESS: EQUITY EARNINGS OF LESS THAN 50% OWNED UNCONSOLIDATED AFFILIATES		(14,138	)		(84,931	)		(90,415	)		(66,592	)		(193,258	)
LESS: CAPITALIZED INTEREST INCLUDED IN INTEREST EXPENSE BELOW		(4,002	)		(6,909	)		(10,868	)		(10,942	)		(23,558	)
TOTAL EARNINGS		612,833			626,171			1,415,092			1,777,716			2,937,154
FIXED CHARGES
INTEREST EXPENSES:
CONSOLIDATED INTEREST EXPENSE		359,971			341,991			326,579			365,180			433,974
CAPITALIZED INTEREST		4,002			6,909			10,868			10,942			23,558
TOTAL INTEREST EXPENSE		363,973			348,900			337,447			376,122			457,532
AMORTIZATION OF DEBT DISCOUNT AND EXPENSE		1,157			1,039			1,029			1,149			2,004
ONE THIRD OF RENTAL EXPENSES		32,744			40,450			38,787			42,876			55,187
TOTAL FIXED CHARGES		397,874			390,389			377,263			420,147			514,723
EARNINGS AVAILABLE FOR FIXED CHARGES	$	1,010,707		$	1,016,560		$	1,792,355		$	2,197,863		$	3,451,877
RATIO OF EARNINGS TO FIXED CHARGES		2.54	x		2.60	x		4.75	x		5.23	x		6.71	x