1. Short title This Act may be cited as the Relief for America's Small Farmers Act . 2. Direct farm loan forgiveness (a) Definitions In this section: (1) Eligible borrower The term eligible borrower means a borrower of an eligible loan that is actively engaged in farming (within the meaning of section 1001A of the Food Security Act of 1985 ( 7 U.S.C. 1308–1 )) with respect to a farming operation— (A) for which the eligible loan was made; and (B) the average annual adjusted gross income for the previous 5-year period of which is not more than $300,000. (2) Eligible loan The term eligible loan means a loan made before March 19, 2020, that is— (A) a direct farm ownership loan under subtitle A of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1922 et seq.); (B) a direct operating loan under subtitle B of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1941 et seq.)