I'm curious why you're asking about it. Do you just happen to have some, or can you get some on the cheap?
I didn't research any of the ingredients, but my knee-jerk reaction to it is -- for my yard and garden -- to steer clear of it. There are other products, all with recognizable and pronounceable ingredients, that can be applied with a spreader.
You can apply dry molasses, feed grade molasses (which is corn coated with dried liquid molasses), alfalfa meal, cottonseed meal, worm castings, corn gluten meal, and more. One note about corn gluten meal: I found it drifted less when I applied it by spreader along with my rock powders. (More on rock powders in the linked article below).
I'm guessing you're familiar with organics since you're on this forum, but maybe you haven't had opportunity to check out the Natural Organic Library (http://www.dirtdoctor.com/organic/garden/faq/
). Lots of good info in the Library, including acceptable fertilizers for a 100% organic program.
Check out this article on fertilizing: http://www.dirtdoctor.com/organic/garde ... ion/id/71/
There are several other articles under "Organic Fertilizer".
**Take time to stop and smell the flowers
(or... as my ladybug refrigerator magnet says
"take time to stop and eat