https://en.m.wikipedia.org/wiki/Phosphorus, https://farmdocdaily.illinois.edu/2017/07/fertilizer-costs-i...
https://www.milorganite.com/using-milorganite/what-is-milorg...
What I am trying to say is that we sure would like to give optimal supply to out plants, but slight undersupply will still give reasonable yields. Profitability issue? Yes! Problem with feeding the world? Rather not.
When we run out of P, mining asteroids is always an option. How much of a viable realistic option...I don’t know.
I think there are two other viable solutions:
1. Synthesize food in labs using fermentation techniques to feed the world population.
2. Genetically modify Homo sapiens to synthesis food and tinker with metabolism.
Both the above seem more practical and likely feasible than destroying the planet with Ag for marginal benefits.
What we are mining is essentially areas of ocean floor lifted up to the surface. We could also either mine other areas still on the ocean floor that also have high concentrations, or almost anywhere else at lower though still significant concentrations.
I just looked up how much different countries produce, and had assumed most phosphates would be coming out of Morocco. My guess was incorrect. It appears that Morocco produces ~13% of the world supply, but has ~72% of deposits. For constrast, the USA produces ~12% annually with ~2% of world deposits, and China produces ~45% annually with ~5% of all deposits. If I were the leader of a country with lots o' people, I'd be cozing up to Morocco a whole bunch. [1]
Knowing nothing about mining anything darn thing, I now wonder how interesting the work is in finding & mining new sources sources of phosphates.
[1] https://en.wikipedia.org/wiki/Phosphate#Occurrence_and_minin...