Exhibit 12

The J.M. Smucker Company

Computation of Ratio of Earnings to Fixed Charges

(in millions of dollars)

	Year Ended April 30,
	2014			2013			2012			2011			2010
Earnings before fixed charges:
Income before income taxes		849.7			817.3			701.2			717.2			730.8
Total fixed charges		104.4			119.4			105.8			90.6			84.3
Less: capitalized interest		(3.2	)		(4.7	)		(5.7	)		(1.8	)		(0.8	)
Earnings available for fixed charges		950.9			932.0			801.3			806.0			814.3
Fixed charges:
Interest and other debt expense, net of capitalized interest		81.0			95.0			81.3			69.6			65.2
Capitalized interest		3.2			4.7			5.7			1.8			0.8
Estimated interest portion of rent expense (a)		20.2			19.7			18.8			19.2			18.3
Total fixed charges		104.4			119.4			105.8			90.6			84.3
Ratio of earnings to fixed charges		9.1			7.8			7.6			8.9			9.7

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