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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001181431-06-019185.txt : 20060321
<SEC-HEADER>0001181431-06-019185.hdr.sgml : 20060321
<ACCEPTANCE-DATETIME>20060321162902
ACCESSION NUMBER:		0001181431-06-019185
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20060317
FILED AS OF DATE:		20060321
DATE AS OF CHANGE:		20060321

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CADIZ INC
		CENTRAL INDEX KEY:			0000727273
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER SUPPLY [4941]
		IRS NUMBER:				770313235
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		777 SOUTH FIGUEROA STREET
		STREET 2:		SUITE 4250
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90017
		BUSINESS PHONE:		213-271-1600

	MAIL ADDRESS:	
		STREET 1:		777 SOUTH FIGUEROA STREET
		STREET 2:		SUITE 4250
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90017

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CADIZ LAND CO INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PACIFIC AGRICULTURAL HOLDINGS INC
		DATE OF NAME CHANGE:	19920602

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ARIDTECH INC
		DATE OF NAME CHANGE:	19880523

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			ING CAPITAL LLC
		CENTRAL INDEX KEY:			0001279842
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-12114
		FILM NUMBER:		06701555

	BUSINESS ADDRESS:	
		STREET 1:		1325 AVENUE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		6464246241

	MAIL ADDRESS:	
		STREET 1:		1325 AVENUE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			ING GROEP NV
		CENTRAL INDEX KEY:			0001039765
		STANDARD INDUSTRIAL CLASSIFICATION:	LIFE INSURANCE [6311]
		STATE OF INCORPORATION:			P7
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-12114
		FILM NUMBER:		06701556

	BUSINESS ADDRESS:	
		STREET 1:		AMSTELVEENSEWEG 500, 1081 KL AMSTERDAM
		STREET 2:		PO BOX 810, 1000 AV
		CITY:			AMSTERDAM
		STATE:			P7
		ZIP:			0000
		BUSINESS PHONE:		01131205418534

	MAIL ADDRESS:	
		STREET 1:		AMSTELVEENSEWEG 500, 1081 KL AMSTERDAM
		STREET 2:		PO BOX 810, 1000 AV
		CITY:			AMSTERDAM
		STATE:			P7
		ZIP:			0000
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd111791.xml
<DESCRIPTION>3/16 FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2006-03-17</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001039765</rptOwnerCik>
            <rptOwnerName>ING GROEP NV</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>AMSTELVEENSEWEG 500, 1081 KL</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</rptOwnerStreet1>
            <rptOwnerStreet2>AVENUE OF THE AMERICAS</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>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2006-03-17</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>45617</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>17.5327</value>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1731838</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>I</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2006-03-20</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>19551</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>17.6858</value>
                    <footnoteId id="F3"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1712287</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>I</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">ING Groep N.V. sold 45,617 shares at a price of $17.5327 a share, which equals a gross aggregate consideration of $799,789.</footnote>
        <footnote id="F2">ING Groep N.V. is the indirect parent company if ING Capital LLC through a chain of wholly-owned subsidiaries</footnote>
        <footnote id="F3">ING Groep N.V. sold 19,551 shares at a price of $17.6858 a share, which equals a gross aggregate consideration of $345,775.</footnote>
    </footnotes>

    <remarks>Other Reporting Owner Name/Address:  ING Capital LLC, 1325 Avenue of the Americas, New York, NY 10029.  Holders of a majority-in-interes of Cadiz Inc.'s Series F Preferre Stock have the right to nominate and elect two diretors to the Board of Directors of Cadiz Inc.  ING Capital LLC has appointed Raymond Pacini and Gregory W. Preston to serve as directors of Cadiz Inc.</remarks>

    <ownerSignature>
        <signatureName>/s/ Neil De La Cruz</signatureName>
        <signatureDate>2006-03-21</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/  Robert Ross</signatureName>
        <signatureDate>2006-03-21</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/  Maura Sniffen</signatureName>
        <signatureDate>2006-03-21</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24.
<SEQUENCE>2
<FILENAME>rrd97440_109521.htm
<DESCRIPTION>POWER OF ATTORNEY FOR ING GROEP N.V.
<TEXT>
<HTML>
<HEAD>
<TITLE>
rrd97440_109521.html
</TITLE>
</HEAD>
<BODY>
<PRE>
ING GROUP

ING Groep N.V.

POWER OF ATTORNEY

BY THIS POWER OF ATTORNEY, ING Groep N.V., a holding company duly organized and
existing under the laws of The Netherlands, with registered office address at
Amstelveenseweg 500, 1081 KL Amsterdam, The Netherlands ("ING Groep"), hereby
makes, constitutes and appoints each of:

Robert Ross (Vice President, ING Financial Services LLC);
Timothy M. Meehan (Director and Assistant General Counsel, ING Financial
Holdings Corporation);
Nicole Ponzoa (Vice President and Assistant General Counsel, ING Financial
Holdings Corporation); and
Maura Sniffen (Corporate Secretary, ING Financial Holdings Corporation)

(each an "Attorney" and together the "Attorneys"), with two of them together having
full power and authority in ING Groep's name, place and stead, to sign, execute,
certify, swear to, acknowledge, deliver and file any and all documents which they
reasonably deem appropriate or necessary in connection with the preparation,
execution and filing of the 'Ownership and Trading Reports' to be filed with the
U.S. Securities and Exchange Commission ("SEC") on Form 3, Form 4 or Form 5, with
such modifications and amendments as any such attorneys may deem desirable.

ING Groep hereby agrees to ratify and confirm anything lawfully done or purported
to be done by the Attorneys pursuant to this Power of Attorney.

This Power of Attorney can be revoked at any time and shall in any event be of no
further effect after March 21, 2007.

This Power of Attorney and all rights and obligations thereunder shall be governed
by and construed in accordance with the laws of the Netherlands. All disputes that
may arise from or in connection with this Power of Attorney shall be submitted to
the jurisdiction of a competent court in the Netherlands to the exclusion of all
other authorities.

The Attorneys have no right of substitution.

IN WITNESS WHEREOF, this Power of Attorney has been duly executed on March 21, 2006.

ING Groep N.V.						ING Grope N.V.

By: /s/ W. A. Brouwer					By: /s/ H. ter Haar
W.A. Brouwer						H. ter Haar
Senior Legal Counsel					Group Compliance Officer

</PRE>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
