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
Two million Sacramento-area water users conserved 27 percent in October, the same rate as September.
A California law, which was passed to respond to the drought- allows artificial turf on all residential property. But a Sacramento city councilman says the law should allow cities to restrict its use.
There is no change this week to the drought in California, despite the recent storms that have brought snow to the Sierra. Reservoir storage in California remains the second lowest on record.
A new study finds that California’s system for allocating water is fragmented, inconsistent and lacks transparency.
California state agencies and local government leaders met to discuss the effects of the drought in the Sacramento region.