content: Securities and Exchange Commission
                       Washington, D.C. 20549
  
  
                              Form 8-K
  
                           Current Report
  
  
               Pursuant to Section 13 or 15(d) of the
                  Securities Exchange Act of 1934
  
  
         Date of Report (Date of earliest event reported):
                         February 14, 1997
  
  
  
                      Cadiz Land Company, Inc.
         (Exact name of issuer as specified in its charter)
  
  
                              Delaware
           (State or other jurisdiction of incorporation)
  
  
                 0-12114                      77-0313235
       (Commission File Number)       (IRS Employer Identification No.)
  
  
    10535 Foothill Boulevard, Suite 150, Rancho Cucamonga,    CA91730
         (Address of principal executive offices)            (Zip Code)
  
  
  
     Registrant's telephone number, including area code: (909) 980-2738
  
  
  ITEM 5.        OTHER EVENTS
                 
                 The Registrant and its wholly owned subsidiary, Cadiz
                 Valley Development Corporation ("CVDC") (collectively,
                 the "Borrowers") have reached an agreement with
                 Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A.
                 ("Rabobank") whereby both the maturity date of Borrowers'
                 debt facilities with Rabobank and the right of Borrowers
                 to obtain two one-year extensions of this maturity date
                 have been extended to April 30, 1997.  Borrowers have
                 also reached an agreement with Henry Ansbacher & Co.
                 Limited ("Ansbacher") whereby the maturity date of
                 Borrowers' debt facilities with Ansbacher has been
                 extended to March 13, 1997.
  
                 The prior maturity date of Borrowers' debt facilities
                 with Ansbacher and Rabobank had been January 31, 1997, as
                 of which date the obligations to Ansbacher and Rabobank
                 were approximately $9.6 million and $9.1 million,
                 respectively.
  
                 The Registrant requested such extensions primarily for
                 the purpose of allowing the Registrant to continue to
                 evaluate and choose from several possible alternative
                 means of repayment and/or refinancing of the Ansbacher
                 and Rabobank facilities.  The determination of which
                 funding mechanism (or combination ) will be utilized by
                 the Registrant will be evaluated on an ongoing basis by
                 the Registrant in consultation with an investment banking
                 firm which has been retained by the Registrant.
  
                 In this regard, the Registrant is considering a financing
                 during 1997 which would be used, in addition to repayment
                 of the Ansbacher and Rabobank facilities, to refinance
                 the existing primary debt facilities of the Registrant's
                 wholly owned Sun World International, Inc. subsidiary
                 ("Sun World") upon terms which management of the
                 Registrant would view as more favorable to the Registrant
                 and Sun World.  If the Registrant elects to proceed with
                 such a financing, the terms of the extension agreement
                 with Ansbacher provide for consideration of a further
                 extension to allow time for completion.
  
                 The terms of the Registrant's two one-year extension
                 options for the Rabobank debt are essentially the same as
                 those agreed upon by the parties in September 1996,
                 except that the date by which borrower must have
                 exercised the first extension has been changed from
                 January 31, 1997 to April 30, 1997.  As before, it is a
                 condition to such extension that the total outstanding
                 debt to Rabobank does not exceed $8,500,000 at the time
                 such extension becomes effective.  Upon exercise of each
                 of the first and second extensions, the Registrant would
                 be required to pay to Rabobank certain fees.  The
                 interest rate to be in effect during each extension
                 period will be at Rabobank's cost of funds plus one and
                 one quarter percent (1 1/4%).  Under the terms of the
                 agreement whereby the maturity date of this debt is to be
                 extended to April 30,1997, this interest rate will be
                 given retroactive effect to February 1, 1997.
  
  
                             SIGNATURES
  
  
  Pursuant to the requirements of the Securities Exchange Act of
  1934,  the Registrant has duly caused this Report to be signed
  on its behalf by the undersigned hereunto duly authorized.
  
  
                                                Cadiz Land Company, Inc.
                                                       (Registrant)
  
  
  
                                                By:  /s/ Susan K. Chapman 
                                                    ----------------------
                                                        Susan K. Chapman
                                                   Chief Financial Officer
  
  Dated:  February 14, 1997
metadata_documents: [{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 5296}]
metadata_filer: {"company-data": {"conformed-name": "CADIZ LAND CO INC", "cik": "0000727273", "assigned-sic": "0700", "irs-number": "770313235", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-12114", "film-number": "97538204"}, "business-address": {"street1": "10535 FOOTHILL BLVD STE 150", "city": "RANCHO CUCAMONGA", "state": "CA", "zip": "91730", "phone": "9099802738"}, "mail-address": {"street1": "10535 FOOTHILL BLVD SUITE 150", "street2": "10470 FOOTHILL BLVD SUITE 200", "city": "RANCHO CUCAMONGA", "state": "CA", "zip": "91730"}, "former-company": [{"former-conformed-name": "PACIFIC AGRICULTURAL HOLDINGS INC", "date-changed": "19920602"}, {"former-conformed-name": "ARIDTECH INC", "date-changed": "19880523"}]}
text: Securities and Exchange Commission
                       Washington, D.C. 20549
  
                              Form 8-K
  
                           Current Report
  
               Pursuant to Section 13 or 15(d) of the
                  Securities Exchange Act of 1934
  
         Date of Report (Date of earliest event reported):
                         February 14, 1997
  
                      Cadiz Land Company, Inc.
         (Exact name of issuer as specified in its charter)
  
                              Delaware
           (State or other jurisdiction of incorporation)
  
                 0-12114                      77-0313235
       (Commission File Number)       (IRS Employer Identification No.)
  
    10535 Foothill Boulevard, Suite 150, Rancho Cucamonga,    CA91730
         (Address of principal executive offices)            (Zip Code)
  
     Registrant's telephone number, including area code: (909) 980-2738
  
  ITEM 5.        OTHER EVENTS
                 
                 The Registrant and its wholly owned subsidiary, Cadiz
                 Valley Development Corporation ("CVDC") (collectively,
                 the "Borrowers") have reached an agreement with
                 Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A.
                 ("Rabobank") whereby both the maturity date of Borrowers'
                 debt facilities with Rabobank and the right of Borrowers
                 to obtain two one-year extensions of this maturity date
                 have been extended to April 30, 1997.  Borrowers have
                 also reached an agreement with Henry Ansbacher & Co.
                 Limited ("Ansbacher") whereby the maturity date of
                 Borrowers' debt facilities with Ansbacher has been
                 extended to March 13, 1997.
  
                 The prior maturity date of Borrowers' debt facilities
                 with Ansbacher and Rabobank had been January 31, 1997, as
                 of which date the obligations to Ansbacher and Rabobank
                 were approximately $9.6 million and $9.1 million,
                 respectively.
  
                 The Registrant requested such extensions primarily for
                 the purpose of allowing the Registrant to continue to
                 evaluate and choose from several possible alternative
                 means of repayment and/or refinancing of the Ansbacher
                 and Rabobank facilities.  The determination of which
                 funding mechanism (or combination ) will be utilized by
                 the Registrant will be evaluated on an ongoing basis by
                 the Registrant in consultation with an investment banking
                 firm which has been retained by the Registrant.
  
                 In this regard, the Registrant is considering a financing
                 during 1997 which would be used, in addition to repayment
                 of the Ansbacher and Rabobank facilities, to refinance
                 the existing primary debt facilities of the Registrant's
                 wholly owned Sun World International, Inc. subsidiary
                 ("Sun World") upon terms which management of the
                 Registrant would view as more favorable to the Registrant
                 and Sun World.  If the Registrant elects to proceed with
                 such a financing, the terms of the extension agreement
                 with Ansbacher provide for consideration of a further
                 extension to allow time for completion.
  
                 The terms of the Registrant's two one-year extension
                 options for the Rabobank debt are essentially the same as
                 those agreed upon by the parties in September 1996,
                 except that the date by which borrower must have
                 exercised the first extension has been changed from
                 January 31, 1997 to April 30, 1997.  As before, it is a
                 condition to such extension that the total outstanding
                 debt to Rabobank does not exceed $8,500,000 at the time
                 such extension becomes effective.  Upon exercise of each
                 of the first and second extensions, the Registrant would
                 be required to pay to Rabobank certain fees.  The
                 interest rate to be in effect during each extension
                 period will be at Rabobank's cost of funds plus one and
                 one quarter percent (1 1/4%).  Under the terms of the
                 agreement whereby the maturity date of this debt is to be
                 extended to April 30,1997, this interest rate will be
                 given retroactive effect to February 1, 1997.
  
                             SIGNATURES
  
  Pursuant to the requirements of the Securities Exchange Act of
  1934,  the Registrant has duly caused this Report to be signed
  on its behalf by the undersigned hereunto duly authorized.
  
                                                Cadiz Land Company, Inc.
                                                       (Registrant)
  
                                                By:  /s/ Susan K. Chapman 
                                                    ----------------------
                                                        Susan K. Chapman
                                                   Chief Financial Officer
  
  Dated:  February 14, 1997