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Helping ag producers to become leaders in their field.


"The Rack" is an industry term used to describe where wholesale petroleum products are made available to retailers. But Rack Petroleum Ltd. ("Rack") offers more than bulk fuel to its clients.

Rack offers a complete suite of services to agricultural producers in Saskatchewan including retail sales of fuel, lubricants lubricants

preparations for the lubrication of passages to reduce frictional injury, e.g. oily preparations, including petroleum jelly, lanolin or water-soluble preparations such as methyl cellulose.
, crop protection products like herbicides, custom spraying and fertilizer fertilizer, organic or inorganic material containing one or more of the nutrients—mainly nitrogen, phosphorus, and potassium, and other essential elements required for plant growth.  applications. In addition, Rack provides agricultural consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.)
service - work done by one person or group that benefits another; "budget separately for goods and services"
 to clients, providing innovative techniques to improve production.

Rack has become an industry leader in the provision of consulting services through its expertise in Global Positioning Systems Global Positioning System: see navigation satellite.
Global Positioning System (GPS)

Precise satellite-based navigation and location system originally developed for U.S. military use.
 (GPS) and variable rate technology, allowing for precision fertility planning by farmers. Rack is able to use soil samples to create precise maps of a field's nutrient nutrient /nu·tri·ent/ (noo´tre-int)
1. nourishing; providing nutrition.

2. a food or other substance that provides energy or building material for the survival and growth of a living organism.
 needs. These maps are utilized to generate recommendations that correct nutrient imbalances and deficiencies. They act as a type of "medical exam" for the soil and make the science of feeding a crop far more accurate then competitor programs.

Rack also incorporates an extensive field trial program to prove and evaluate their programs. Field research has become a mainstay of the business, allowing their entire agronomy agronomy (əgrŏn`əmē), branch of agriculture dealing with various physical and biological factors—including soil management, tillage, crop rotation, breeding, weed control, and climate—related to crop production.  team to evaluate and test nutrient imbalance and deficiency concepts.

These services have become increasingly important as producers look for ways to improve profitability of their operations given the challenges that the agricultural sector has faced in recent years. Rack has tripled its sales and its market reach since it began more than four years ago, a testament to the company's ability to outperform Outperform

An analyst recommendation meaning a stock is expected to do slightly better than the market return.

Notes:
Exact definitions vary by brokerage, but in general this rating is better than neutral and worse than buy or strong buy.
 the industry.

[ILLUSTRATION OMITTED]

Rack was launched in 2000 as an independent dealer by Dennis and Lynda Bulani. The operations were based on previous experience with a company known as Bulani Agro Inc. Headquartered in Biggar, Rack's market includes satellite locations in Rosetown, Perdue Perdue may refer to:
  • Perdue, Saskatchewan, Canada
  • Perdue Farms, an American chicken-farming corporation
  • Perdue School of Business, in Salisbury University, Salisbury, Maryland
People with the surname Perdue
, Unity and most recently North Battleford North Battleford, city (1991 pop. 14,350), W Sask., Canada, at the confluence of the North Saskatchewan and Battle rivers, opposite Battleford. It is the service and distribution center for NW Saskatchewan, which has rich farming, lumbering, and fishing.  with the addition of a cardlock access site. Rack has invested in substantial warehouse and loading facilities, which include a 40,000 square foot building in Biggar that was constructed in 2001.

The company's success can be attributed, in part, to the well-honed business strategy that Bulani and his team employ: a focus on customer service, development of strategic alliances within the industry, striving to offer new and innovative products and services, and employing a staff of dedicated and experienced professionals. In fact, Rack's management team has more than a century of experience in the agricultural industry. The company employs a full-time staff of 29 adding a number of seasonal positions during the spring and fall.

Bulani sees a bright future ahead of Rack. The company continues to expand its market and has become one of the largest agriculture input and service suppliers in Saskatchewan. Bulani appreciates the support of partners like Golden Opportunities Fund, Saskatchewan's largest provincial labour fund. "Golden Opportunities has been a valuable partner aiding in Rack's success. They understand our business philosophy and share our vision to find new ways to succeed."
COPYRIGHT 2005 Sunrise Publishing Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Rack Petroleum Ltd. services
Publication:SaskBusiness
Geographic Code:1CANA
Date:Mar 1, 2005
Words:486
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