Exhibit 12

Calculation of Ratio of Earnings to Fixed Charges

Archer Daniels Midland Company

Expressed in Thousands

	Year Ended June 30		Six Months Ended December 31		Years Ended December 31
	2012		2012		2013		2014		2015		2016
Earnings
Earnings Before Income Taxes		$1,764,898	$	997,275	$	2,023,341	$	3,129,966	$	2,284,045	$	1,822,158
Less: Equity in Earnings of
Unconsolidated Affiliates, Net of
Dividends	(243,121)		(200,833)		(285,263)		(214,979)		(49,693)		(60,870)
Less: Capitalized Interest
Included in Interest Expense Below	(20,869)		(11,548)		(16,434)		(17,863)		(10,761)		(19,602)
Less: Noncontrolling Interest	(18,387)		(2,184)		(11,868)		(4,553)		3,089		(9,112)
Total Earnings	1,482,521		782,710		1,709,776		2,892,571		2,226,680		1,732,574
Fixed Charges
Interest Expenses:
Consolidated Interest Expense	441,765		212,527		412,810		336,633		307,941		292,547
Capitalized Interest	20,869		11,548		16,434		17,863		10,761		19,602
Total Interest Expense	462,634		224,075		429,244		354,496		318,702		312,149
One Third of Rental Expenses	69,648		35,295		66,311		64,681		77,202		81,713
Total Fixed Charges	532,282		259,370		495,555		419,177		395,904		393,862
Earnings Available for Fixed Charges		$2,014,803		$1,042,080	$	2,205,331	$	3,311,748	$	2,622,584	$	2,126,436
Ratio of Earnings to Fixed Charges	3.79		4.02		4.45		7.90		6.62		5.40