It will help farmers and ranchers apply science-based solutions to mitigate water shortages in years to come.
The financial and technical assistance will help crop and livestock producers apply conservation practices for increasing irrigation efficiency, enhancing soil health and productivity, and livestock watering plants.
The money will be shared by parts of California, Kansas, Idaho, Nevada, Oklahoma, Oregon, Texas and Utah.
US Agriculture secretary Tom Vilsack said: "Since the historic drought of 2012, dry conditions have persisted in many parts of the country, particularly in the West.
"Every day, NRCS conservationists work side-by-side with agricultural producers and help them conserve water and increase resilience in their operations.
"Today’s investment will provide additional resources in drought-stricken areas to help farmers and ranchers implement solutions to mitigate the impacts of sustained drought."
NRCS spent over $1.5bn between 2012 and 2014 to help farmers implement conservation practices.
The agency is also using partner investments via the new Regional Conservation Partnership Program (RCPP) to put further resources toward projects that foster water conservation and resilience.
In the first round of RCPP funding in 2014, NRCS committed over $84m in 35 projects for addressing water conservation and soil health.
