Posted by Dave H (MI) on December 19, 2016 at 09:28:21 from (50.108.72.117):
Butler bins, one 3500 and one 3000 bushel. The smaller is from the late 1980's and the larger close to that. They both came with full aeration floors and have the original 110v fans. There is a very nice unloading power head with a 220v motor on it. All doors, etc work fine. Ladders inside and out. A circuit box with three breakers (power head, and two fans) is included along with all the wiring, etc. The floors are whatever style Butler sold at the time and are on steel supports. Bins have been kept painted and look extremely clean inside and out. There is no sign of rust at the base or anywhere else. Probably some surface rust under the paint but I see no evidence of pitting or thru rust...and I am good at finding it, believe me. The best price I have been able to negotiate on this package is just over $5,000. I will need new fasteners, caulk, and I have to provide all the labor. I was a little surprised at the price, but seller is firm and this is a fair amount lower than what he wanted. Still trying to get my head around this and decide what to do.
Some things to consider. This is Michigan. There are a lot of small farms and small equipment can be more expensive here at times. I am not sure I will get $5K back out of these bins but they will make my life a lot easier. I'm an accountant, but I take into consideration both factors. This is TWO smaller bins instead of the one larger...more versatility. They match my current level of operating and that is not likely to increase in the near future. Just some of my thoughts. Also, there is a similar Butler bin (4000 bushel) at the local consignment auction. Condition is not quite as good and it has no unloader head, not so much venting, and the aeration floor is only a small square in the center..not full. 30 hours left on auction and the bin is at $1600. Likewise, I have to consider what this package would cost me if I bought new.
Then I take into consideration the opinions of the forum. I hugely use this type of input in my operation each year. I had fellas here who put value on this package from zero or "scrap" to maybe $4K. So what follows is my thoughts on a couple of these:
The fella who estimated $3-4K said he was coming in a little low because they were Butler and there may be issues with parts. This fella has a huge farm resume and sits on the top 10 list of people who help me with farm issues. Don't know if he took into account the unloader head and the electrical.
Another fella came in around $2K. Helps me a lot with issues on the combine and misc and I respect his opinions. Also not sure if head/electric is in there. I can see where he gets this number. I attend a lot of auctions. Bins sometimes go cheap, but there can be issues with moving and timetables that make this difficult. Would be thrilled if the seller would take it.
Those that came in at zero or scrap? Don't know what to say there. I understand that in areas where monster farms exist, these bins will not be popular. But I just do not see this price around here. The unloader head is over $1K new and is in great shape. The electrical panel and circuit breakers have value. The bins themselves are solid and have collective parts worth more than scrap. Folks in this category need to explain their positions better I think.
So those are some of the factors I am weighing. I am including a link to the auction bin. Again, this is NOT one of the bins I am considering. I have the original bins I looked at locked up. They are not going anywhere while I finish mulling this over. Anyone has any comments they think will help...
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