According to the IRS, if a farmer is receiving Social Security retirement or disability benefits when they receive Conservation Reserve Program (CRP) rental payments from the USDA, these rental payments can be excluded from self-employment tax calculations. This tax benefit can save up to $5,650 annually, with potential five-figure savings over five years. However, claiming Social Security benefits early at age 62 instead of 67 reduces monthly benefits by 30%, so farmers need to weigh the tax savings against the reduction in benefits.