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
The Central Sierra Nevada snowpack this year is larger than the previous four years combined, according to new data from NASA.
It is now the wettest season on record in Northern California, where most of the state gets its water supply.
Some farmers in the San Joaquin Valley will finally get a full supply of water.
California Governor Jerry Brown ended the drought state of emergency in most of California Friday. Water reporting requirements and prohibitions on wasteful practices are still in place.
California is experiencing one of its wettest winters in years. But farmers on the west side of the San Joaquin Valley still won’t receive a full supply of water from the federal Central Valley Project.