Exhibit 12

ConAgra Foods, Inc. and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges

($ in millions)

	Twenty-six weeks ended November 27, 2011
Earnings:
Income from continuing operations before income taxes and equity method investment earnings	$	373.8
Add (deduct):
Fixed charges		130.9
Distributed income of equity method investees		6.4
Capitalized interest		(3.2	)
Earnings available for fixed charges (a)	$	507.9
Fixed charges:
Interest expense	$	105.7
Capitalized interest		3.2
One third of rental expense (1)		22.0
Total fixed charges (b)	$	130.9
Ratio of earnings to fixed charges (a/b)		3.9

(1) Considered to be representative of interest factor in rental expense.