Peanut, also known as groundnut (Arachis hypogaea), is a crop of global importance. It is widely grown in the tropics and subtropics, being important to both smallholder and large commercial producers. It is classified as both a grain legume, and, because of its high oil content, an oil crop. World annual production is about 46 million tonnes per year. Very unusual among crop plants, peanut pods develop under the ground. As a legume, peanut belongs to the botanical family Fabaceae (also known as Leguminosae, and commonly known as the bean or pea family). Like most other legumes, peanuts harbor symbiotic nitrogen-fixing bacteria in root nodules. This capacity to fix nitrogen means peanuts require less nitrogen-containing fertilizer and improve soil fertility, making them valuable in crop rotations.