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
As the forecast for a wet December improves, a new study says only so much water can be stored by future dam or reservoir projects in California.
The National Weather Service is offering a more positive forecast for the likelihood of a wet December in California.
(AP) - Officials say residents of a California community where hundreds of home wells have run dry can now take hot showers in portable facilities set up in a church parking lot.
The U.S. Drought Monitor measures the impact of the drought across the nation and California cattle ranchers have millions of dollars at stake based on that information. But some are questioning the accuracy of the data.
The drought has caused contamination and the closure of some groundwater wells at South Lake Tahoe.