First off you need to know how hard it burnt. IF there is oil in the engine and transmission housing then the internal gears and such will be alright. If it burnt hot enough to burn the oil out then the whole thing is junk.
Any sheet metal that was burnt may not take/hold paint. I had a Ford 861 twenty years ago that had a smashed hood. I found a real nice hood that had been burnt. Not a single bent in the whole hood. I lightly sand blasted it and acid etched the hood before applying a good primer. I then painted the entire tractor. In about 3-4 weeks the paint on the hood started to bubble and eventually the paint all came off in big sheets. So I thought it was just my painting. So I took it to a very good local body guy. He told me it just might not ever hold paint because of the heat of the fire effecting the carbon content of the steel in the hood. HE repainted the hood and it once again peeled in a month or so. I found another hood and fixed/painted it for the tractor.
I later sold the hood to a fellow and told him what was wrong but he insisted he could get paint to hold on it. I never heard back for him so I do not know if it worked or not.
So since then I just do not buy burnt sheet metal.
As for your loading issue. If you have a set of tires and rims that hold air just take them along to put on the back of the tractor for loading.
IF it is burnt hard then $500 is too much money for it as parts. Also scrap steel is down now too so it value is under $500.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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