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
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.
(AP) -- A bill moving in the California Legislature now would protect people in homeowner associations from retribution if they reduce water use for landscaping.
Sacramento is still experiencing a drought -- but it broke a rainfall record yesterday. Folsom Lake now stands at 71 percent of seasonal normal.