There is the (so far) untold story of how the bicycle was isekaied. It was reborn as a motocross bike.Poor bike, he didn't had a long life.
The institutional structure is different in Japan. Perhaps he wasn't allowed the option of taking it to a scrap yard. However, farmers are typically inclined to recycle things for own-use, so it's odd that he didn't retask the bike parts.Paying money for disposal of a cheap bike? I'd take it to the scrap yard and they would pay me for the metal content