**Exhibit 12**

 

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

 
|                                                                   |       | **Six Months Ended  April 30,** |       | **For the Years Ended October 31,** |       |
|------------------------------------------------------------------------|------------|--------------------------------------|------------|------------------------------------------|------------|
|                                                                   |       |                                 |       |                                     |       |   |   |   |   |   |   |   |   |   |   |
|                                                                   |       | 2010                                 |       | 2009                                     |       | 2009 |   | 2008 |   | 2007 |   | 2006 |   | 2005 |   |
| Earnings:                                                              |       |                                 |       |                                     |       |   |   |   |   |   |   |   |   |   |   |
| Income of consolidated group before income taxes                       |       | $                                    | 199.3      |                                     | $          | 103.1 |   | $ | 221.9 |   | $ | 437.1 |   | $ | 479.6 |   | $ | 442.7 |   | $ | 424.8 |   |
| Fixed charges excluding capitalized interest                           |       | 292.1                                |       | 413.6                                    |       | 793.6 |   | 843.4 |   | 882.0 |   | 732.2 |   | 480.1 |   |
|                                                                   |       |                                 |       |                                     |       |   |   |   |   |   |   |   |   |   |   |
| Total earnings                                                         |       | $                                    | 491.4      |                                     | $          | 516.7 |   | $ | 1,015.5 |   | $ | 1,280.5 |   | $ | 1,361.6 |   | $ | 1,174.9 |   | $ | 904.9 |   |
|                                                                   |       |                                 |       |                                     |       |   |   |   |   |   |   |   |   |   |   |
| Fixed charges:                                                         |       |                                 |       |                                     |       |   |   |   |   |   |   |   |   |   |   |
| Interest expense of consolidated group including  capitalized interest |       | $                                    | 289.9      |                                     | $          | 411.6 |   | $ | 789.6 |   | $ | 839.1 |   | $ | 877.9 |   | $ | 726.9 |   | $ | 473.2 |   |
| Rent expense                                                           |       | 2.2                                  |       | 2.4                                      |       | 5.0 |   | 4.8 |   | 4.1 |   | 5.3 |   | 6.9 |   |
|                                                                   |       |                                 |       |                                     |       |   |   |   |   |   |   |   |   |   |   |
| Total fixed charges                                                    |       | $                                    | 292.1      |                                     | $          | 414.0 |   | $ | 794.6 |   | $ | 843.9 |   | $ | 882.0 |   | $ | 732.2 |   | $ | 480.1 |   |
|                                                                   |       |                                 |       |                                     |       |   |   |   |   |   |   |   |   |   |   |
| Ratio of earnings to fixed charges                                     | ** ** | **1.68**                             | ** ** | **1.25**                                 | ** ** | **1.28** | ** ** | **1.52** | ** ** | **1.54** | ** ** | **1.60** | ** ** | **1.88** | ** ** |

 

“Earnings” consist ofincome before income taxes, the cumulative effect of changes in accounting andfixed charges excluding capitalized interest. “Fixed charges” consist of interest on indebtedness, amortization ofdebt discount and expense, interest related to uncertain tax positions, anestimated amount of rental expense under capitalized leases that is deemed tobe representative of the interest factor and rental expense under operatingleases, and capitalized interest.

 

The Company has not issuedpreferred stock. Therefore, the ratios of earnings to combined fixed chargesand preferred stock dividends are the same as the ratios presented above.

 

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