To provide for an automatic one-year extension of the authorizations of appropriations and direct spending programs of the Farm Security and Rural Investment Act of 2002 and to provide for an additional one-year extension if implementing legislation is not submitted with respect to the Doha Development Round of World Trade Organization negotiations by January 15, 2008, and for other purposes.

Provides for: (1) an automatic one-year extension of the authorization of appropriations for a crop year and direct spending programs and authorities (other than such crop programs) of the Farm Security and Rural Investment Act of 2002; and (2) an additional one-year extension of them if the President does not submit implementing legislation to Congress with respect to the Doha Development Round of World Trade Organization (WTO) negotiations by January 15, 2008.

Provides, with the exception of peanut storage costs, the same automatic one-year extension and additional one-year extension for: (1) authorizations of appropriations in the Act scheduled to expire on September 30, 2007; and (2) termination of a program or authority in calendar year 2007.