EXHIBIT 12

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

	Year Ended August 31,
	2006		2005		2004		2003		2002
Earnings:
Net proceeds before income taxes from continuing operations		76,096		88,088		107,909		109,663		84,224
Fixed charges, excluding capitalized interest, see below		3,544		2,899		2,920		3,326		3,742
Amortization of capitalized interest		106		106		106		94		94
Net Proceeds		79,746		91,093		110,935		113,083		88,060
Fixed Charges:
Interest Expense		3,544		2,899		2,920		3,326		3,742
Interest factor included in rentals (1)		0		0		0		0		0
Fixed charges, excluding capitalized interest		3,544		2,899		2,920		3,326		3,742
Interest capitalized		0		0		0		207		9
Fixed Charges		3,544		2,899		2,920		3,533		3,751
Ratio of net proceeds to fixed charges		22.50		31.42		37.99		32.01		23.48

(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.