Raced round plant (5)
I believe the answer is:
cedar
'plant' is the definition.
The answer is an example.
'raced round' is the wordplay.
'round' indicates anagramming the letters.
'raced' is an anagram of 'CEDAR'.
(Other definitions for cedar that I've seen before include "representative of Lebanon?" , "Tree (Lebanese?)" , "may have needles?" , "Evergreen tree" , "Fragrant conifer" .)