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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>0000902664-08-002210.txt : 20080613
<SEC-HEADER>0000902664-08-002210.hdr.sgml : 20080613
<ACCEPTANCE-DATETIME>20080613190635
ACCESSION NUMBER:		0000902664-08-002210
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080611
FILED AS OF DATE:		20080613
DATE AS OF CHANGE:		20080613

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:		550 SOUTH HOPE STREET
		STREET 2:		SUITE 2850
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90071
		BUSINESS PHONE:		213-271-1600

	MAIL ADDRESS:	
		STREET 1:		550 SOUTH HOPE STREET
		STREET 2:		SUITE 2850
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90071

	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:			Grant Geoffrey T
		CENTRAL INDEX KEY:			0001387874

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-12114
		FILM NUMBER:		08899230

	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

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Peloton Partners, LLP
		CENTRAL INDEX KEY:			0001352852
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-12114
		FILM NUMBER:		08899231

	BUSINESS ADDRESS:	
		STREET 1:		17 BROADWICK STREET
		CITY:			LONDON
		STATE:			X0
		ZIP:			W1F 0DJ
		BUSINESS PHONE:		011 44 20 7317 9500

	MAIL ADDRESS:	
		STREET 1:		17 BROADWICK STREET
		CITY:			LONDON
		STATE:			X0
		ZIP:			W1F 0DJ
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>p08-1088form4_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-06-11</periodOfReport>

    <notSubjectToSection16>1</notSubjectToSection16>

    <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>6 BROOK STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>LONDON</rptOwnerCity>
            <rptOwnerState>X0</rptOwnerState>
            <rptOwnerZipCode>W1S 1BB</rptOwnerZipCode>
            <rptOwnerStateDescription>UNITED KINGDOM</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>No longer a 10% owner</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001387874</rptOwnerCik>
            <rptOwnerName>Grant Geoffrey T</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O PELTON PARTNERS, LLP</rptOwnerStreet1>
            <rptOwnerStreet2>6 BROOK STREET</rptOwnerStreet2>
            <rptOwnerCity>LONDON</rptOwnerCity>
            <rptOwnerState>X0</rptOwnerState>
            <rptOwnerZipCode>W1S 1BB</rptOwnerZipCode>
            <rptOwnerStateDescription>UNITED KINGDOM</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, par value $0.01 per share (&quot;Common Stock&quot;) See</value>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
                <footnoteId id="F3"/>
            </securityTitle>
            <transactionDate>
                <value>2008-06-11</value>
            </transactionDate>
            <deemedExecutionDate>
                <value>2008-06-11</value>
            </deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1385104</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>13.90</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Peloton Partners LLP (&quot;Peloton Partners&quot;), as investment manager to Peloton Partners LP and Peloton Multi-Strategy Master
 Fund, Ltd. (the &quot;Investment Entities&quot;), may be deemed to have been the beneficial owner of the Issuer's securities held by
 the Investment Entities. Peloton Partners disclaims beneficial ownership of such securities, and this report shall not be
 deemed an admission that Peloton Partners was the beneficial owner of the securities for the purpose of Section 16 or for
 any other purpose, except to the extent of its pecuniary interest therein.</footnote>
        <footnote id="F2">Geoffrey Grant, as Chief Investment Officer of Peloton Partners, may be deemed to have been the beneficial owner of the
 Issuer's securities held by the Investment Entities. Mr. Grant disclaims beneficial ownership of such securities, and this
 report shall not be deemed an admission that Mr. Grant was the beneficial owner of the securities for the purpose of Section
 16 or for any other purpose, except to the extent of his pecuniary interest therein. In additional, Mr. Grant filed another
 From 4 in his capacity as a Director of the Issuer.</footnote>
        <footnote id="F3">As of June 11, 2008, Peloton Partners is not a 10% owner in the Issuer and is no longer subject to Section 16.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Geoffrey Grant, Chief Investment Officer of Peloton Partners LLP</signatureName>
        <signatureDate>2008-06-13</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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