The money is intended to help farmers, farm workers and rural communities.
Mr. Obama held a roundtable in Firebaugh, about 45 minutes west of Fresno. Valley Public Radio's Rebecca Plevin spoke with a fourth-generation farmer there today and says money isn't enough.
"They don’t need financial aid right now; what they need is water. And he says that in the short term, they need to start pumping water from the Delta; and in the long term, they really need more water storage," reports Plevin.
The President is also visiting a farm in Los Banos this afternoon.
Joining him on the trip are California Governor Jerry Brown, U.S. Senators Dianne Feinstein and Barbara Boxer and Congressman Jim Costa.
CapRadio's Drought Coverage
Californians are exceeding Governor Jerry Brown's 25 percent conservation mandate.
(AP) - A group of nonprofit organizations and businesses has started a crowdfunding campaign to assist families affected by the state's drought and wildfires.
Extreme drought expanded in the Western U.S. and the drought is taking a toll on topsoil moisture in California.
(AP) - More people are drowning in two of Sacramento's rivers, and the drought may be partially responsible.
(AP) - State officials say strong water conservation figures for July show Californians are beginning to understand the dire need to cut back in a fourth year of drought.