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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 Jco7NQ94g30+bhWRvuI2XTrcvlOdJJT2v6ffn/hIfs5HEYneGCLVvHgg3k/Bt4ra
 QExHHlxmK3eL5UooJyAenw==

<SEC-DOCUMENT>0000902664-06-001800.txt : 20060710
<SEC-HEADER>0000902664-06-001800.hdr.sgml : 20060710
<ACCEPTANCE-DATETIME>20060710213815
ACCESSION NUMBER:		0000902664-06-001800
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20060630
FILED AS OF DATE:		20060710
DATE AS OF CHANGE:		20060710

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:			Peloton Partners, LLP
		CENTRAL INDEX KEY:			0001352852
		STATE OF INCORPORATION:			X0
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-12114
		FILM NUMBER:		06955037

	BUSINESS ADDRESS:	
		STREET 1:		17 BROADWICK STREET
		CITY:			LONDON
		STATE:			X0
		ZIP:			W1F 0DJ
		BUSINESS PHONE:		02073179535

	MAIL ADDRESS:	
		STREET 1:		17 BROADWICK STREET
		CITY:			LONDON
		STATE:			X0
		ZIP:			W1F 0DJ
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>form3_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2006-06-30</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001352852</rptOwnerCik>
            <rptOwnerName>Peloton Partners, LLP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>17 BROADWICK STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>LONDON</rptOwnerCity>
            <rptOwnerState>X0</rptOwnerState>
            <rptOwnerZipCode>W1F 0DJ</rptOwnerZipCode>
            <rptOwnerStateDescription>UNITED KINGDOM</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, $0.01 par value (&quot;Common Stock&quot;)</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1046640</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Convertible Term Loan</value>
                <footnoteId id="F2"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>16.50</value>
                <footnoteId id="F3"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2006-06-30</value>
            </exerciseDate>
            <expirationDate>
                <value>2011-06-30</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>1218307</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F4"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">The shares of Common Stock to which this line refers are held indirectly by Peloton Partners, LLP (the &quot;Reporting Person&quot;),
 in its capacity as the registered investment adviser of certain funds.  The Reporting Person is a registered investment
 adviser and as such disclaims all beneficial ownership of these shares and in any case disclaims beneficial ownership of
 these shares except to the extent of the Reporting Person's pecuniary interest in the shares. The Reporting Person is a
 registered investment adviser but has elected to file Form 3 nonetheless.</footnote>
        <footnote id="F2">Convertible Term Loan provides Peloton Partners the right to purchase Common Stock.</footnote>
        <footnote id="F3">The Conversion Price in Item 4 above is dependent upon the respective Tranche (A or B) of the Term Loan and other provisions
 in the Term Loan affecting the conversion price.  The exercise price for the two Tranches will most likely be $18.50 and
 $23.10.</footnote>
        <footnote id="F4">The Convertible Term Loan to which this line refers are held indirectly by the Reporting Person in its capacity as the
 registered investment adviser of certain funds.  The Reporting Person is a registered investment adviser and as such
 disclaims all beneficial ownership of this Convertible Term Loan and in any case disclaims beneficial ownership of this
 Convertible Term Loan except to the extent of the Reporting Person's pecuniary interest in the Convertible Term Loan. The
 Reporting Person is a registered investment adviser but has elected to file Form 3 nonetheless.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Geoffrey Grant; Chief Investment Officer</signatureName>
        <signatureDate>2006-07-05</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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