-----BEGIN PRIVACY-ENHANCED MESSAGE-----
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>0000902664-07-000222.txt : 20070131
<SEC-HEADER>0000902664-07-000222.hdr.sgml : 20070131
<ACCEPTANCE-DATETIME>20070131121629
ACCESSION NUMBER:		0000902664-07-000222
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20070119
FILED AS OF DATE:		20070131
DATE AS OF CHANGE:		20070131

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Grant Geoffrey T
		CENTRAL INDEX KEY:			0001387874

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-12114
		FILM NUMBER:		07567145

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		805-695-7340

	MAIL ADDRESS:	
		STREET 1:		1482 E. VALLEY ROAD
		STREET 2:		SUITE 555
		CITY:			SANTA BARBARA
		STATE:			CA
		ZIP:			93108

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
</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>2007-01-19</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001387874</rptOwnerCik>
            <rptOwnerName>Grant Geoffrey T</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O PELOTON PARTNERS LLP</rptOwnerStreet1>
            <rptOwnerStreet2>17 BROADWICK STREET</rptOwnerStreet2>
            <rptOwnerCity>LONDON</rptOwnerCity>
            <rptOwnerState>X0</rptOwnerState>
            <rptOwnerZipCode>W1F 0DJ</rptOwnerZipCode>
            <rptOwnerStateDescription>UNITED KINGDOM</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Class A Common Stock (&quot;Common Stock&quot;)</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2268956</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                    <footnoteId id="F1"/>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Common Stock issuable upon conversion of Cnvrt. Trm Ln 2 &amp; 3</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F4"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F3"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Convertible Debt</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>36375000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Geoffrey Grant (&quot;Mr. Grant&quot;), the Chief Investment Officer, conducts the investment activities of, Peloton Partners LLP
 (&quot;Peloton Partners,&quot; together with Mr. Grant, the &quot;Reporting Persons&quot;), the investment manager of Peloton Partners LP and
 Peloton Multi-Strategy Master Fund, Ltd. (the &quot;Investment Entities&quot;).  The Reporting Persons hold the reported securities
 indirectly through the Investment Entities.  Neither Peloton Partners nor Mr. Grant directly own any shares of Common Stock.
  Peloton Partners and Mr. Grant disclaims any beneficial ownership of the shares of Common Stock included in this report to
 the extent such beneficial ownership exceeds such person's pecuniary interest.</footnote>
        <footnote id="F2">The Convertible Term Loan which is comprised of Tranche A Term Loan and Tranche B Term Loan provide Peloton Partners the
 right to purchase common stock.  The conversion of the Term Loan can occur at Peloton Partner's election.  THE REPORTING
 PERSONS AND THE INVESTMENT ENTITIES ARE PROHIBITED FROM CONVERTING OR EXERCISING THE SECURITIES LISTED IN TABLE II, IF AFTER
 SUCH EXERCISE OR CONVERSION THEY, AS A GROUP, WOULD BENEFICIALLY OWN MORE THAN 19.99% OF THE OUTSTANDING COMMON STOCK.</footnote>
        <footnote id="F3">The final maturity date is June 30 ,2011.</footnote>
        <footnote id="F4">The conversion price in Item 4, above, is dependent upon the respective Tranche (Tranche A Term Loan and Tranche B Term Loan)
 and other provisions in the Term Loan affecting the conversion price.  The exercise price for Tranche A will most likely be
 $18.50 while the original aggregate amount of the Tranche A Term Commitment is $10,000,000.  The exercise price for Tranche
 B will most likely be $23.50 while the original aggregate amount of the Tranche B Term Commitment is $26,375,000.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Geoffrey Grant on behalf of himself and Peloton Partners, LP</signatureName>
        <signatureDate>2007-01-30</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>jointfiler.txt
<DESCRIPTION>JOINT FILER INFORMATION
<TEXT>

                             JOINT FILER INFORMATION


NAME: Peloton Partners LLP

ADDRESS:  17 Broadwick Street
          London, United Kingdom W1F ODJ

DESIGNATED FILER: Geoffrey Grant

ISSUER: Cadiz, Inc.

DATE OF EVENT REQUIRING STATEMENT: January 19, 2007

SIGNATURE:

PELOTON PARTNERS LLP


/s/ Geoffrey Grant
- ---------------------------------------
By:  Geoffrey Grant
Title:  Chief Investment Officer

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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