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):
                          January 19, 2007
  
  
                             CADIZ INC.
       (Exact name of Registrant as specified in its charter)
  
                              DELAWARE
           (State or other jurisdiction of incorporation)
  
                  0-12114                        77-0313235
          (Commission File Number)   (IRS Employer Identification No.)
  
  777 South Figueroa Street, Suite 4250, Los Angeles 90017
  (Address of principal executive offices)         (Zip Code)
  
  Registrant's telephone number, including area code: (213) 271-1600
  
  Check the appropriate box below if the Form 8-K filing is intended
  to simultaneously satisfy the filing obligation of the registrant
  under any of the following provisions:
  
  [  ]  Written communications pursuant to Rule 425 under the
         Securities Act (17 CFR 230.425)
  [  ]  Soliciting material pursuant to Rule 14a-12 under the
         Exchange Act (17 CFR 240.14a-12)
  [  ]  Pre-commencement communications pursuant to Rule 14d-2(b)
         under the Exchange Act (17 CFR 240.14d-2(b))
  [  ]  Pre-commencement communications pursuant to Rule 13e-4(c)
         under the Exchange Act (17 CFR 240.13e-4(c))
  
  
  
  ITEM 5.02.  DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION
              OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY
              ARRANGEMENTS OF CERTAIN OFFICERS
  
  (d)  Mr. Geoffrey Grant has been appointed to the Company's
  Board of Directors effective January 19, 2007.  Mr. Grant was
  appointed to fill an existing vacancy on the Company's Board.
  
       Mr. Grant is presently a Managing Partner and Chief Investment
  Officer of Peloton Partners LLP ("Peloton"), a hedge fund launched
  in 2005.  Prior to founding Peloton, Mr. Grant was with Goldman
  Sachs for 24 years, from 1981 to 2004.  Mr. Grant's last responsibility
  at Goldman Sachs was as Head of Global Foreign Exchange and Co-head
  of the Proprietary Trading Group in London.  Mr. Grant began his
  career at Morgan Stanley, working in New York and Tokyo from 1981
  to 1989.
  
       On June 26, 2006 the Company entered into a credit agreement
  with Peloton Partners LLP, as administrative agent for the loan, and
  with an affiliate of Peloton and another investor, as lenders (the
  "Credit Agreement").  The transactions contemplated by this Credit
  Agreement closed on June 29, 2006.  The Credit Agreement was
  subsequently amended in part on September 29, 2006.  The terms of the
  Credit Agreement and subsequent amendment were previously reported
  by the Company on Forms 8-K dated June 26, 2006 and September 29, 2006,
  respectively, which Forms 8-K are hereby incorporated by reference.
  
       There are no arrangements or understandings between Mr. Grant
  and any other persons pursuant to which Mr. Grant has been appointed
  as a director.  The Credit Agreement allows Peloton to designate one
  independent director.  As a principal of Peloton, Mr. Grant does not
  meet the SEC and NASDAQ requirements for independence and cannot be
  appointed to the Board pursuant to this designation right or serve on
  Board committees which require that the committee member be an
  independent director.  Peloton has previously used this right to
  designate Mr. Raymond J. Pacini as a member of the Company's Board and
  Mr. Pacini will continue to serve on the Board as Peloton's sole designee.
  
       Mr. Grant will participate in the Company's Outside Director
  Compensation Plan, as described in the Company's Proxy Statement for
  its Annual Meeting of Stockholders held November 10, 2006.
  
  
                             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 Inc.
  
  
  
                                By: /s/ O'Donnell Iselin II
                                    -------------------------------
                                    O'Donnell Iselin II
                                    Chief Financial Officer
  
  
  
  Dated:  January 22, 2007
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metadata_filer: {"company-data": {"conformed-name": "CADIZ INC", "cik": "0000727273", "assigned-sic": "4941", "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": "07543445"}, "business-address": {"street1": "777 SOUTH FIGUEROA STREET", "street2": "SUITE 4250", "city": "LOS ANGELES", "state": "CA", "zip": "90017", "phone": "213-271-1600"}, "mail-address": {"street1": "777 SOUTH FIGUEROA STREET", "street2": "SUITE 4250", "city": "LOS ANGELES", "state": "CA", "zip": "90017"}, "former-company": [{"former-conformed-name": "CADIZ LAND CO INC", "date-changed": "19920703"}, {"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):
                          January 19, 2007
  
                             CADIZ INC.
       (Exact name of Registrant as specified in its charter)
  
                              DELAWARE
           (State or other jurisdiction of incorporation)
  
                  0-12114                        77-0313235
          (Commission File Number)   (IRS Employer Identification No.)
  
  777 South Figueroa Street, Suite 4250, Los Angeles 90017
  (Address of principal executive offices)         (Zip Code)
  
  Registrant's telephone number, including area code: (213) 271-1600
  
  Check the appropriate box below if the Form 8-K filing is intended
  to simultaneously satisfy the filing obligation of the registrant
  under any of the following provisions:
  
  [  ]  Written communications pursuant to Rule 425 under the
         Securities Act (17 CFR 230.425)
  [  ]  Soliciting material pursuant to Rule 14a-12 under the
         Exchange Act (17 CFR 240.14a-12)
  [  ]  Pre-commencement communications pursuant to Rule 14d-2(b)
         under the Exchange Act (17 CFR 240.14d-2(b))
  [  ]  Pre-commencement communications pursuant to Rule 13e-4(c)
         under the Exchange Act (17 CFR 240.13e-4(c))
  
  ITEM 5.02.  DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION
              OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY
              ARRANGEMENTS OF CERTAIN OFFICERS
  
  (d)  Mr. Geoffrey Grant has been appointed to the Company's
  Board of Directors effective January 19, 2007.  Mr. Grant was
  appointed to fill an existing vacancy on the Company's Board.
  
       Mr. Grant is presently a Managing Partner and Chief Investment
  Officer of Peloton Partners LLP ("Peloton"), a hedge fund launched
  in 2005.  Prior to founding Peloton, Mr. Grant was with Goldman
  Sachs for 24 years, from 1981 to 2004.  Mr. Grant's last responsibility
  at Goldman Sachs was as Head of Global Foreign Exchange and Co-head
  of the Proprietary Trading Group in London.  Mr. Grant began his
  career at Morgan Stanley, working in New York and Tokyo from 1981
  to 1989.
  
       On June 26, 2006 the Company entered into a credit agreement
  with Peloton Partners LLP, as administrative agent for the loan, and
  with an affiliate of Peloton and another investor, as lenders (the
  "Credit Agreement").  The transactions contemplated by this Credit
  Agreement closed on June 29, 2006.  The Credit Agreement was
  subsequently amended in part on September 29, 2006.  The terms of the
  Credit Agreement and subsequent amendment were previously reported
  by the Company on Forms 8-K dated June 26, 2006 and September 29, 2006,
  respectively, which Forms 8-K are hereby incorporated by reference.
  
       There are no arrangements or understandings between Mr. Grant
  and any other persons pursuant to which Mr. Grant has been appointed
  as a director.  The Credit Agreement allows Peloton to designate one
  independent director.  As a principal of Peloton, Mr. Grant does not
  meet the SEC and NASDAQ requirements for independence and cannot be
  appointed to the Board pursuant to this designation right or serve on
  Board committees which require that the committee member be an
  independent director.  Peloton has previously used this right to
  designate Mr. Raymond J. Pacini as a member of the Company's Board and
  Mr. Pacini will continue to serve on the Board as Peloton's sole designee.
  
       Mr. Grant will participate in the Company's Outside Director
  Compensation Plan, as described in the Company's Proxy Statement for
  its Annual Meeting of Stockholders held November 10, 2006.
  
                             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 Inc.
  
                                By: /s/ O'Donnell Iselin II
                                    -------------------------------
                                    O'Donnell Iselin II
                                    Chief Financial Officer
  
  Dated:  January 22, 2007