EXHIBIT 12

MINN DAK FARMERS COOPERATIVE
COMPUTATION OF RATIO OF NET PROCEEDS TO FIXED CHARGES
(IN THOUSANDS)

	Year Ended August 31,
	2005		2004		2003		2002		2001
Earnings:
Net proceeds before income taxes from continuing operations		88,409		107,909		109,663		84,224		94,620
Fixed charges, excluding capitalized interest, see below		2,899		2,920		3,326		3,742		4,920
Amortization of capitalized interest		106		106		94		94		94
Net Proceeds		91,414		110,935		113,083		88,060		99,634
Fixed Charges:
Interest Expense		2,899		2,920		3,326		3,742		4,920
Interest factor included in rentals (1)		0		0		0		0		0
Fixed charges, excluding capitalized interest		2,899		2,920		3,326		3,742		4,920
Interest capitalized		0		0		207		9		0
Fixed Charges		2,899		2,920		3,533		3,751		4,920
Ratio of net proceeds to fixed charges		31.53		37.99		32.01		23.48		20.25

(1) The company does lease certain items, such as office equipment. Due to the proportionately small amounts involved, interest on such lease payments has not been included in the total of the company’s fixed charges of the calculation of this ratio.