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
Five years of drought exacerbated wildfires across California. Fire and flood agencies say those burned areas now have an increased risk of flash flooding.
An odd assortment of corporations, nonprofits, environmental and agricultural groups have joined forces to help increase California’s water supply.
A new study shows that forest fires have doubled in the West because of climate change.
Statewide water conservation dropped below 18 percent in August.
Improved drought conditions and more renewables lead to decrease in natural gas use this summer.