To amend the Farm Security and Rural Investment Act of 2002 to extend contracts for national dairy market loss payments through fiscal year 2007, to increase the payment quantity authorized under such contracts, and for other purposes.

Amends the Farm Security and Rural Investment Act of 2002 with respect to national dairy market loss payments to: (1) extend, by two years, program sign-up and contract periods; (2) double single dairy operation payment quantities; (3) increase payment amounts; and (4) terminate such increases as of September 30, 2007.