**Exhibit 12**

 

**John Deere Capital Corporation and SubsidiariesComputation of Ratio of Earnings to Fixed Charges(millions of dollars)**

 

 
|                                                                   |   | **Three Months   Ended  January 31,** |       | **For the Years Ended October 31,** |
|------------------------------------------------------------------------|--------|--------------------------------------------|------------|------------------------------------------|
|                                                                   |   | 2010                                       |       | 2009                                     |   | 2009 |   | 2008 |   | 2007 |   | 2006 |   | 2005 |
| Earnings:                                                              |   |                                       |       |                                     |   |   |   |   |   |   |   |   |   |   |
| Income of consolidated group before income taxes                       |   | $                                          | 92.0       |                                     | $ | 48.5 |   | $ | 221.9 |   | $ | 437.1 |   | $ | 479.6 |   | $ | 442.7 |   | $ | 424.8 |
| Fixed charges excluding capitalized interest                           |   | 151.0                                      |       | 208.5                                    |   | 793.6 |   | 843.4 |   | 882.0 |   | 732.2 |   | 480.1 |
| Total earnings                                                         |   | $                                          | 243.0      |                                     | $ | 257.0 |   | $ | 1,015.5 |   | $ | 1,280.5 |   | $ | 1,361.6 |   | $ | 1,174.9 |   | $ | 904.9 |
|                                                                   |   |                                       |       |                                     |   |   |   |   |   |   |   |   |   |   |
| Fixed charges:                                                         |   |                                       |       |                                     |   |   |   |   |   |   |   |   |   |   |
| Interest expense of consolidated group including  capitalized interest |   | $                                          | 150.0      |                                     | $ | 207.5 |   | $ | 789.6 |   | $ | 839.1 |   | $ | 877.9 |   | $ | 726.9 |   | $ | 473.2 |
| Rent expense                                                           |   | 1.0                                        |       | 1.2                                      |   | 5.0 |   | 4.8 |   | 4.1 |   | 5.3 |   | 6.9 |
| Total fixed charges                                                    |   | $                                          | 151.0      |                                     | $ | 208.7 |   | $ | 794.6 |   | $ | 843.9 |   | $ | 882.0 |   | $ | 732.2 |   | $ | 480.1 |
|                                                                   |   |                                       |       |                                     |   |   |   |   |   |   |   |   |   |   |
| Ratio of earnings to fixed charges*                                    |   | **1.61**                                   | ** ** | **1.23**                                 | ** ** | **1.28** | ** ** | **1.52** | ** ** | **1.54** | ** ** | **1.60** | ** ** | **1.88** |

 

 

“Earnings” consistof income before income taxes, the cumulative effect of changes in accountingand fixed charges excluding capitalized interest.  “Fixed charges” consist of interest onindebtedness, amortization of debt discount and expense, interest related to uncertaintax positions, an estimated amount of rental expense under capitalized leasesthat is deemed to be representative of the interest factor and rental expenseunder operating leases, and capitalized interest.

 

The Company hasnot issued preferred stock. Therefore, the ratios of earnings to combined fixedcharges and preferred stock dividends are the same as the ratios presentedabove.

 

 

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