The J. M. Smucker Company (SJM) 8-K Entry into a Material Definitive Agreement

Exhibit 12.1

The J. M. Smucker Company

Pro Forma Computation of Ratio of Earnings to Fixed Charges

	Three Months Ended July 31, 2011			Year Ended April 30, 2011
Earnings before fixed charges:
Income before income taxes		166,826			717,164
Pro forma impact of new debt interest expense and revolver pay off		(5,925	)		(27,010	)
Total fixed charges		27,162			117,573
Less: capitalized interest		(936	)		(1,778	)
Earnings available for fixed charges		187,127			805,949
Fixed charges:
Interest and other debt expense, net of capitalized interest		15,422			69,594
Pro forma new debt interest expense		6,753			27,010
Pro forma revolver expense avoided		(828	)
Capitalized interest		936			1,778
Estimated interest portion of rent expense		4,879			19,191
Total fixed charges		27,162			117,573
Pro forma ratio of earnings to fixed charges		6.9			6.9

(a) For purposes of this calculation, management estimates approximately one-third of rent expense is representative of interest expense.