<SUBMISSION>
<ACCESSION-NUMBER>0001039765-04-000002
<TYPE>3
<PUBLIC-DOCUMENT-COUNT>1
<PERIOD>20031215
<FILING-DATE>20040212
<ISSUER>
<COMPANY-DATA>
<CONFORMED-NAME>CADIZ INC
<CIK>0000727273
<ASSIGNED-SIC>0700
<IRS-NUMBER>770313235
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<BUSINESS-ADDRESS>
<STREET1>100 WILSHIRE BLVD.
<STREET2>SUITE 1600
<CITY>SANTA MONICA
<STATE>CA
<ZIP>90401
<PHONE>3108994700
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>100 WILSHIRE BLVD.
<STREET2>SUITE 1600
<CITY>SANTA MONICA
<STATE>CA
<ZIP>90401-1111
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>CADIZ LAND CO INC
<DATE-CHANGED>19920703
</FORMER-COMPANY>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>PACIFIC AGRICULTURAL HOLDINGS INC
<DATE-CHANGED>19920602
</FORMER-COMPANY>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>ARIDTECH INC
<DATE-CHANGED>19880523
</FORMER-COMPANY>
</ISSUER>
<REPORTING-OWNER>
<OWNER-DATA>
<CONFORMED-NAME>ING GROEP NV
<CIK>0001039765
<ASSIGNED-SIC>6311
<STATE-OF-INCORPORATION>P7
<FISCAL-YEAR-END>1231
</OWNER-DATA>
<FILING-VALUES>
<FORM-TYPE>3
<ACT>34
<FILE-NUMBER>000-12114
<FILM-NUMBER>04588571
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>AMSTELVEENSEWEG 500, 1081 KL AMSTERDAM
<STREET2>PO BOX 810, 1000 AV
<CITY>AMSTERDAM
<STATE>P7
<ZIP>0000
<PHONE>01131205418534
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>AMSTELVEENSEWEG 500, 1081 KL AMSTERDAM
<STREET2>PO BOX 810, 1000 AV
<CITY>AMSTERDAM
<STATE>P7
<ZIP>0000
</MAIL-ADDRESS>
</REPORTING-OWNER>
<REPORTING-OWNER>
<OWNER-DATA>
<CONFORMED-NAME>ING CAPITAL LLC
<CIK>0001279842
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</OWNER-DATA>
<FILING-VALUES>
<FORM-TYPE>3
<ACT>34
<FILE-NUMBER>000-12114
<FILM-NUMBER>04588572
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>1325 AVENUE OF THE AMERICAS
<CITY>NEW YORK
<STATE>NY
<ZIP>10019
<PHONE>6464246241
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>1325 AVENUE OF THE AMERICAS
<CITY>NEW YORK
<STATE>NY
<ZIP>10019
</MAIL-ADDRESS>
</REPORTING-OWNER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>primary_doc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0201</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2003-12-15</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000727273</issuerCik>
        <issuerName>CADIZ INC</issuerName>
        <issuerTradingSymbol>CDZI.PK</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001039765</rptOwnerCik>
            <rptOwnerName>ING GROEP NV</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>AMSTELVEENSEWEG 500, 1081 KL AMSTERDAM</rptOwnerStreet1>
            <rptOwnerStreet2>PO BOX 810, 1000 AV</rptOwnerStreet2>
            <rptOwnerCity>AMSTERDAM</rptOwnerCity>
            <rptOwnerState>P7</rptOwnerState>
            <rptOwnerZipCode>0000</rptOwnerZipCode>
            <rptOwnerStateDescription>NETHERLANDS</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001279842</rptOwnerCik>
            <rptOwnerName>ING CAPITAL LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1325 AVENUE OF THE AMERICAS</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10019</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>99474</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Please see footnote 1</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Series F Preferred Stock</value>
                <footnoteId id="F2"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F3"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F4"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>1728955</value>
                    <footnoteId id="F5"/>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Please see footnote 1.</value>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">ING Groep N.V. is the indirect parent company of ING Capital LLC through a chain of wholly-owned subsidiaries.</footnote>
        <footnote id="F2">Holders of a majority-in-interest of Cadiz Inc.'s Series F Preferred Stock have the right to nominate and elect two directors to the Board of Directors of Cadiz Inc.  ING Capital LLC, as the sole holder of Cadiz Inc.'s Series F Preferred Stock, has the right to nominate and elect two directors to the Board of Directors of Cadiz Inc.  ING Capital LLC has appointed Phillip R. Burnaman II and Geoffrey W. Arens to serve as directors of Cadiz Inc.</footnote>
        <footnote id="F3">Immediately</footnote>
        <footnote id="F4">The Series F Preferred Stock does not have an expiration date and shall remain in existence until such time as it is converted into shares of common stock.</footnote>
        <footnote id="F5">Subject to certain adjustments as provided in the Certificate of Designations of the Series F Preferred Stock.</footnote>
    </footnotes>

    <remarks>* Reporting Owner Name/Address:  ING Capital LLC, 1325 Avenue of the Americas, New York, NY  10019</remarks>

    <ownerSignature>
        <signatureName>Pieter van Lierop</signatureName>
        <signatureDate>2004-02-09</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Rein Pijpers</signatureName>
        <signatureDate>2004-02-09</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SUBMISSION>
