Economy of Nigeria of 5%. By 2012, expenditures stood at $31.61 billion, while revenues was $54.48 billion. Nigeria ranks sixth worldwide and first in Africa in farm output. The sector accounts for about 18% of GDP and almost one-third of employment. Nigeria has 19 million head of cattle, the largest in Africa. Though Nigeria is no longer a major exporter, due to local consumer boom, it is still a major producer of many agricultural products, including: cocoa, groundnuts (peanuts), rubber, and palm oil. Cocoa production, mostly from obsolete varieties and overage trees has increased from around 180,000 tons annually to 350,000 tons. Major
Smithfield Foods 1999 it bought two of the largest pig producers in the United States: Carroll's Foods and Murphy Family Farms of North Carolina, at that point the largest producer. According to agricultural researchers Jill Hobbs and Linda Young, Smithfield's purchase of these companies constituted a "major structural change" in the hog industry in the United States, leaving Smithfield in control of 10–15 percent of the country's hog production. Farmland Foods of Kansas City was added in 2003, as were Sara Lee's European Meats, ConAgra Foods Refrigerated Meats, Butterball (the poultry producer), and Premium Standard Farms in 2007. Smithfield sold its 49