Exhibit 12

Calculation of Ratio of Earnings to Fixed Charges

Archer Daniels Midland Company

Expressed in Thousands

											Six Months		Six Months
	Fiscal Years Ended										Ended		Ended
	30-Jun										31-Dec		30-Jun
	2008		2009		2010		2011		2012		2012		2013
Earnings
Earnings Before Income Taxes		$2,594,399		$2,499,557		$2,585,099		$3,015,311		$1,764,898	$	997,275	$	691,682
Less: Equity in Earnings of
Unconsolidated Affiliates, Net of
Dividends	(284,316)		55,367		(326,232)		(396,755)		(243,121)		(200,833)		(125,700)
Less: Capitalized Interest Included in
Interest Expense Below	(52,110)		(94,532)		(75,060)		(7,211)		(20,869)		(11,548)		(10,094)
Less: Noncontrolling Interest	(6,103)		(3,751)		10,996		17,573		(18,387)		(2,184)		(3,786)
Total Earnings	2,251,870		2,456,641		2,194,803		2,628,918		1,482,521		782,710		552,102
Fixed Charges
Interest Expenses:
Consolidated Interest Expense	512,922		469,059		421,461		482,298		441,765		212,290		212,503
Capitalized Interest	52,110		94,532		75,060		7,211		20,869		11,548		10,094
Total Interest Expense	565,032		563,591		496,521		489,509		462,634		223,838		222,597
Amortization of Debt Discount(1)	3,250		3,832		3,805		4,282
One Third of Rental Expenses	67,106		72,289		80,682		83,764		69,648		35,295		18,136
Total Fixed Charges	635,388		639,712		581,008		577,555		532,282		259,133		240,733
Earnings Available for Fixed Charges		$2,887,258		$3,096,353		$2,775,811		$3,206,473		$2,014,803		$1,041,843	$	792,835
Ratio of Earnings to Fixed Charges	4.54		4.84		4.78		5.55		3.79		4.02		3.29

⁽¹⁾ Effective fiscal 2012, the Company reclassified amortization of debt discount to debt expense.