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 annual report on California's Air Quality has just been released, and the drought is listed as a major factor this year.
Rain and snow may not have pushed California out of its drought, but the late season precipitation will mean a little more water for State Water Project users. There is also relief for some federal Central Valley Project users.
A new survey finds Californians are split over the cause of the state's drought.
Hundreds of waterfalls are cascading throughout Yosemite National Park, but they may not last too much longer.
California and federal agencies have released a plan about how they’ll operate the state and federal water projects during the drought. The plan does not change water allocations.