Exhibit 12.1

Intrepid Potash, Inc.
Computation of Ratio of Earnings to Fixed Charges
(In Thousands, Except Ratios)

	Intrepid Potash, Inc.										Intrepid Mining LLC
	Three Months Ended March 31,		Year Ended December 31,						April 25, 2008, Through December		January 1, 2008, Through April 24,		Year Ended December 31,
	2012		2011		2010		2009		31, 2008		2008		2007
Earnings:
Income from continuing operations before income taxes	$	33,239	$	175,261	$	75,043	$	92,247	$	157,765	$	44,493	$	29,684
Additions:
Fixed charges	491		2,435		2,782		2,441		1,812		2,847		10,159
Amortization of capitalized interest	—		—		—		—		1		—		—
	491		2,435		2,782		2,441		1,813		2,847		10,159
Subtractions:
Capitalized interest	—		—		—		—		—		52		115
Earnings as adjusted	$	33,730	$	177,696	$	77,825	$	94,688	$	159,578	$	47,288	$	39,728
Fixed charges:
Interest on indebtedness, expensed or capitalized	$	126	$	412	$	353	$	347	$	241	$	2,197	$	8,074
Amortization of debt expense	86		401		222		221		151		89		264
Interest within rent expense	279		1,622		2,207		1,873		1,419		561		1,821
Total fixed charges	$	491	$	2,435	$	2,782	$	2,441	$	1,812	$	2,847	$	10,159
Ratio of earnings to fixed charges	68.7		73.0		28.0		38.8		88.1		16.6		3.9