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
California needs one and a half times the maximum volume of water in Lake Mead, the largest US reservoir, to end its drought.
A new study by the National Oceanic and Atmospheric Administration says natural occurring climate patterns –not climate change- are the primary drivers of California’s drought.
A Republican- backed drought relief bill for California is headed to the floor of the US House of Representatives for a vote Tuesday. The legislation ignited an hour of debate Monday.
Pollution from abandoned mines in the Sierra Nevada could threaten California's primary water supply.
The City of Roseville hopes to break the 20-percent water conservation mark for the year. The city posted its best conservation mark for the year in November.