Exhibit 12

ConAgra Foods, Inc. and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges

($ in millions)

	Twenty-six weeks ended November 25, 2012
Earnings:
Income from continuing operations before income taxes and equity method investment earnings	$	680.9
Add (deduct):
Fixed charges		131.1
Distributed income of equity method investees		15.0
Capitalized interest		(3.0	)
Earnings available for fixed charges (a)	$	824.0
Fixed charges:
Interest expense	$	104.1
Capitalized interest		3.0
One third of rental expense (1)		24.0
Total fixed charges (b)	$	131.1
Ratio of earnings to fixed charges (a/b)		6.3

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