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
A new study shows fire-fighting foam containing highly fluorinated chemicals is contaminating drinking water supplies around many of the nation's military bases, airports and industrial sites.
It has been a busy fire season across California. But there are fewer fires in the state’s 18 U.S. national forests so far this year, compared to 2015.
Update 8:00 p.m. Sunday: Crews are making "good progress" on the Cold Fire in Yolo County, now at 60% containment. In Monterey County, the Soberanes Fire remains at 45% containment with wind creating an additional challenge for firefighters.
The Soberanes Fire near Big Sur is burning in a rugged area that hasn't "seen fire in decades." The wildfire is 45 percent contained at 57,500 acres.
The number of acres burned by wildfires in the U.S. is about average for this time of year. But, in California, the 'new normal' includes larger and more frequent wildfires.