Ag. Secy: $30 million in drought relief 'is certainly going to provide some assistance, but it's nowhere near what we need'

Thermometer-popping temperatures and bone-dry conditions are plaguing over 60% of the country right now as farmers and ranchers are dealing with the worst drought in 56 years.

Calling the drought "historic" and the impact on farmers "profound," President Obama announced yesterday that $30 million in relief aid will be given to individuals and businesses.

However, the president stressed that this likely won't be enough to help out suffering farmers, and he's calling for Congress to pass a $500 billion farm bill.

Agriculture Secretary Tom Vilsack explains the measures the White House is implementing and explains how long it will be before farmers begin to see some relief on Starting Point this morning.

Stressing the severity of the drought, Vilsak says "Many farmers are in fact going to lose basically their entire crop... We need some disaster assistance and relief and the only way we're going to be able to get the full scope of disaster assistance is if the House of Representatives completes work on a farm bill and it works out the differences between the Senate and the House in terms of comprehensive disaster assistance and the farm bill."