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
(AP) - The California Department of Water Resources says it will carry out the winter's third survey of the Sierra Nevada's snowpack.
What little bit of rain California received in December and February was just enough to help reservoir storage. The Department of Water Resources announced it will increase water deliveries through the State Water Project.
The US Bureau of Reclamation says most farmers south of the Sacramento-San Joaquin Delta will face a second year with no water from the Central Valley Project. Some farmers and cities may receive more.
It would not be an odd sight in the spring. But there is something depressing about a closed ski slope in the middle of winter. The trails are bare and grassy. The chairlifts just hang there, waving a little with the breeze.
A new poll finds nearly all Californians think the state's drought is serious -- and there's growing support for mandatory water rationing.