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 San Joaquin County Board of Supervisors has voted to continue its drought emergency while other counties are looking at lifting conservation measures.
A UC Santa Cruz study finds transmission of West Nile virus is higher in drought years.
Today's Sierra snowpack survey has scientists with the California Department of Water Resources optimistic about the state's water supply.
California farms and ranches saw a nearly 17 percent drop in revenue from 2014 to 2015, according to a new review. The decrease had little to do with the drought.
California's tree die off has led a state oversight board to review forest management policies.