Exhibit 12

The J.M. Smucker Company

Computation of Ratio of Earnings to Fixed Charges

(in thousands of dollars)

	October 31, 2012
	Three Months Ended			Six Months Ended
Earnings before fixed charges:
Income before income taxes	$	224,218		$	391,483
Total fixed charges		30,093			60,147
Less: capitalized interest		(717	)		(2,132	)
Earnings available for fixed charges	$	253,594		$	449,498
Fixed charges:
Interest and other debt expense, net of capitalized interest	$	24,266		$	48,148
Capitalized interest		717			2,132
Estimated interest portion of rent expense (a)		5,110			9,867
Total fixed charges	$	30,093		$	60,147
Ratio of earnings to fixed charges		8.4			7.5

(a) For purposes of this calculation, management estimates approximately one-third of rent expense is representative of interest expense.