A good bin that is complete and is a model that was well built to start with can easily bring $.50 a bushel. Meaning a 5000 bushel bin can easily bring $2500. The ones guys are talking about getting for $300-500 are usually smaller bins (2000-3000) with out a air floor or even an unloading auger system. There was a lot of government grain bank bins built in the 1950s and 1960s that where around 2200 bushel and had no air floors or unloading systems. These often bring low prices but you not getting much either.
A new unloading auger with the sump and all can easily be $2500. IRC A new air floor for a 24 foot bin is around $3000 installed. So getting a complete bin package make the value change quickly.
Another thing to think about is the value of a new bin verses used changes with size. Meaning a 20,000 bushel bin used may bring 50% of new while a 5000 bushel bin might only bring 20% of new cost.
I think you will find new out of your price range quickly. The basic needs for a bin are not much different for a 3000 bushel bin compared to a 10,000 bushel bin. The electric service and concrete cost are not linier. Meaning the larger the bin the lower the cost per bushel new is going to be. I think a 5000 bushel bin fully equipped is going to run $4-5 per bushel while a 50,000 bin would be under $2 a bushel. This would be totally setup cost. You doing nothing.
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Today's Featured Article - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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