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):
                            March 31, 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 CA 91730
      (Address of principal executive offices)         (Zip Code)
   
   
   Registrant's telephone number, including area code: (909) 980-2738
    <PAGE>
   
   Item 9.  Sale of Equity Securities Pursuant to Regulation S
   
       Effective March 31, 1997, the outstanding obligations owed by
   the Registrant and its wholly-owned subsidiary, Cadiz Valley
   Development Corporation ("CVDC") under their outstanding debt
   facilities with Henry Ansbacher & Co. Limited, a U.K. merchant
   bank located in London, England ("Ansbacher") were sold by
   Ansbacher to ING Baring (U.S.) Capital Corporation ("ING").  As
   consideration for Ansbacher's agreement to sell such obligations,
   totaling approximately $9.7 million, as well as the agreement of
   Ansbacher to extend the maturity date of such obligations to April
   30, 1997, the Registrant issued to Ansbacher 30,000 shares of the
   Registrant's common stock pursuant to the exemption from
   registration provided by Regulation S.  Upon acquisition of such
   obligations by ING, the maturity date of such obligations was
   further extended by ING to April 30, 1998.
   
   
                              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:  April 14, l997
metadata_documents: [{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 2496}]
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": "97580063"}, "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):
                            March 31, 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 CA 91730
      (Address of principal executive offices)         (Zip Code)
   
   
   Registrant's telephone number, including area code: (909) 980-2738
  Item 9.  Sale of Equity Securities Pursuant to Regulation S
   
       Effective March 31, 1997, the outstanding obligations owed by
   the Registrant and its wholly-owned subsidiary, Cadiz Valley
   Development Corporation ("CVDC") under their outstanding debt
   facilities with Henry Ansbacher & Co. Limited, a U.K. merchant
   bank located in London, England ("Ansbacher") were sold by
   Ansbacher to ING Baring (U.S.) Capital Corporation ("ING").  As
   consideration for Ansbacher's agreement to sell such obligations,
   totaling approximately $9.7 million, as well as the agreement of
   Ansbacher to extend the maturity date of such obligations to April
   30, 1997, the Registrant issued to Ansbacher 30,000 shares of the
   Registrant's common stock pursuant to the exemption from
   registration provided by Regulation S.  Upon acquisition of such
   obligations by ING, the maturity date of such obligations was
   further extended by ING to April 30, 1998.
   
   
                              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:  April 14, l997