When people in ag think about fertilizer, nitrogen -- or N -- is usually the first thing that comes to mind, whether thinking about yields, costs, or environmental impacts. But phosphorus is another concerning element of the crop nutrient mix, due to the declining mineable supplies, and the fact that those supplies are almost exclusively located in Morocco and China. But natural deposits aren’t the only source of phosphorus on Earth: livestock manure also contains meaningful quantities of the valuable mineral. The challenge is in transforming a complex, liquid, and highly concentrated waste product into the fertility input with which most farmers are familiar. For more information and resources, visit our website.  The information in this post is not investment advice or a recommendation to invest. It is general information only and does not take into account your investment objectives, financial situation or needs. Before making an investment decision you should read the information memorandum and seek financial advice from a professional financial adviser. Whilst we believe Information is correct, no warranty of accuracy, reliability or completeness is given, except for liability under statue which cannot be excluded.