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 water regulators are praising some Sacramento-San Joaquin Delta farmers for coming up with a program to voluntarily cut water use.
(AP) - A deadly parasite is thriving in the drought, infecting all the juvenile chinook salmon in the Klamath River in Northern California as they prepare to migrate to the ocean.
The State Water Resources Control Board is considering whether to allow some farmers in the Sacramento-San Joaquin Delta to voluntarily cut back their water use. In exchange, they want the board to agree not to curtail their remaining water.
After it was called off in 2014 due to the drought, Old Town Sacramento's Gold Rush Days is back in 2015.
For the first time in its history, the city of Roseville is limiting outdoor watering to two days a week.