Attached files
| file | filename |
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| EX-32 - CERTIFICATION OF CEO/CFO PURSUANT TO SECTION 906 - MINN DAK FARMERS COOPERATIVE | minndak105883_ex32.htm |
| EX-31.3 - CERTIFICATION OF CAO PURSUANT TO SECTION 302 - MINN DAK FARMERS COOPERATIVE | minndak105883_ex31-3.htm |
| EX-31.1 - CERTIFICATION OF CEO PURSUANT TO SECTION 302 - MINN DAK FARMERS COOPERATIVE | minndak105883_ex31-1.htm |
| EX-31.2 - CERTIFICATION OF CFO PURSUANT TO SECTION 302 - MINN DAK FARMERS COOPERATIVE | minndak105883_ex31-2.htm |
| EX-10.L - COAL PURCHASE AND SALE AGREEMENT - MINN DAK FARMERS COOPERATIVE | minndak105883_ex10-l.htm |
| EX-10.S - RICHLAND COUNTY DEV. REVENUE REFUNDING BOND AGREEMENT - MINN DAK FARMERS COOPERATIVE | minndak105883_ex10-s.htm |
| EX-10.T - COBANK REVOLVING CREDIT SUPPLEMENT DATED NOV. 15, 2010 - MINN DAK FARMERS COOPERATIVE | minndak105883_ex10-t.htm |
| 10-K - FORM 10-K FOR THE FISCAL YEAR ENDED AUGUST 31, 2010 - MINN DAK FARMERS COOPERATIVE | minndak105883_10k.htm |
| EX-10.A - GROWERS' AGREEMENT - MINN DAK FARMERS COOPERATIVE | minndak105883_ex10-a.htm |
Exhibit 12
MINN DAK FARMERS COOPERATIVE
COMPUTATION OF RATIO OF NET PROCEEDS TO FIXED CHARGES
(IN THOUSANDS)
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Year Ended August 31, |
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2010 |
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2009 |
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2008 |
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2007 |
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2006 |
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Earnings: |
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Net proceeds before income taxes from Continuing operations |
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100,233 |
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96,053 |
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110,863 |
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148,415 |
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76,096 |
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Fixed charges, excluding capitalized interest, see below |
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1,974 |
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2,018 |
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3,230 |
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4,297 |
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3,544 |
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Amortization of capitalized interest |
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93 |
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94 |
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106 |
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106 |
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106 |
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Net Proceeds |
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102,300 |
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98,165 |
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114,199 |
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152,818 |
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79,746 |
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Fixed Charges: |
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Interest Expense |
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1,974 |
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2,018 |
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3,230 |
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4,297 |
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3,544 |
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Interest factor included in rentals (1) |
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0 |
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0 |
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0 |
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0 |
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0 |
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Fixed charges, excluding capitalized Interest |
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1,974 |
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2,018 |
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3,230 |
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4,297 |
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3,544 |
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Interest capitalized |
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0 |
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0 |
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0 |
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0 |
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0 |
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Fixed Charges |
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1,974 |
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2,018 |
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3,230 |
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4,297 |
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3,544 |
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Ratio of net proceeds to fixed charges |
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51.82 |
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48.64 |
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35.36 |
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35.56 |
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22.50 |
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(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. |
93