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 12, 2001
  
  
  
                             Cadiz 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.)
  
  
  
  100 Wilshire Boulevard, Suite 1600, Santa Monica, CA        90401
  (Address of principal executive offices)                  (Zip Code)
  
  
  
  Registrant's telephone number, including area code: (310) 899-4700
  
  
  Item 5.        Other Events
  
  
  In July 1998, the Company and the Metropolitan Water District of
  Southern California ("Metropolitan") approved basic principles and
  terms for a 50-year agreement for the Cadiz Groundwater Storage &
  Dry-Year Supply Program ("Cadiz Program"), a cooperative water
  management effort between Cadiz and Metropolitan. The principles and
  terms for agreement provided that Metropolitan will, during wet
  years or periods of excess supply, store surplus water from its
  Colorado River Aqueduct in the groundwater basins underlying the
  Company's eastern Mojave Desert property. During dry years or times
  of reduced allocations from the Colorado River, the previously
  imported water, together with additional existing groundwater, will
  be extracted and delivered via conveyance pipeline back to the
  aqueduct and into Metropolitan's service area.
  
       On January 6, 2001, Metropolitan, following extensive
  negotiations with the Company to further refine and finalize these
  basic principles and terms, submitted definitive economic terms and
  responsibilities ("Definitive Terms") for the Cadiz Program to its
  Board of Directors for anticipated consideration at a forthcoming
  Board meeting.  Refinements have been subsequently made to those
  Definitive Terms and were presented to Metropolitan's Board of
  Directors on March 12, 2001. At that time, the Special Oversight
  Committee ("Committee")of Metropolitan directors, charged with
  negotiating the Definitive Terms, unanimously recommended approval
  of the proposed Definitive Terms. A summary of the refined
  Definitive Terms, as recommended by the Committee and presented to
  Metropolitan's Board, is attached as Exhibit 99.1.
  
       Until consideration and action by both the Company's and
  Metropolitan's Boards, the proposed Definitive Terms will remain
  subject to change.  In addition, execution of a final agreement
  would be contingent upon and subject to completion of the ongoing
  environmental review process for the Cadiz Program.
  
  
  
  Item 7.   Exhibits
  
  99.1 Summary of Metropolitan-Cadiz Definitive Economic Terms &
            Responsibilities dated March 6, 2001.
  
  
                               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/ Stanley E. Speer
                                ________________________
                                   Stanley E. Speer
                                   Chief Financial Officer
  
  Dated:  March 12, 2001
metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "mar128k01.txt", "secsgml_size_bytes": 3552}]
metadata_filer: {"company-data": {"conformed-name": "CADIZ 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": "1567639"}, "business-address": {"street1": "100 WILSHIRE BLVD.", "street2": "SUITE 1600", "city": "SANTA MONICA", "state": "CA", "zip": "90401", "phone": "3108994700"}, "mail-address": {"street1": "100 WILSHIRE BLVD.", "street2": "SUITE 1600", "city": "SANTA MONICA", "state": "CA", "zip": "90401-1111"}, "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):
  
                           March 12, 2001
  
                             Cadiz 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.)
  
  100 Wilshire Boulevard, Suite 1600, Santa Monica, CA        90401
  (Address of principal executive offices)                  (Zip Code)
  
  Registrant's telephone number, including area code: (310) 899-4700
  
  Item 5.        Other Events
  
  In July 1998, the Company and the Metropolitan Water District of
  Southern California ("Metropolitan") approved basic principles and
  terms for a 50-year agreement for the Cadiz Groundwater Storage &
  Dry-Year Supply Program ("Cadiz Program"), a cooperative water
  management effort between Cadiz and Metropolitan. The principles and
  terms for agreement provided that Metropolitan will, during wet
  years or periods of excess supply, store surplus water from its
  Colorado River Aqueduct in the groundwater basins underlying the
  Company's eastern Mojave Desert property. During dry years or times
  of reduced allocations from the Colorado River, the previously
  imported water, together with additional existing groundwater, will
  be extracted and delivered via conveyance pipeline back to the
  aqueduct and into Metropolitan's service area.
  
       On January 6, 2001, Metropolitan, following extensive
  negotiations with the Company to further refine and finalize these
  basic principles and terms, submitted definitive economic terms and
  responsibilities ("Definitive Terms") for the Cadiz Program to its
  Board of Directors for anticipated consideration at a forthcoming
  Board meeting.  Refinements have been subsequently made to those
  Definitive Terms and were presented to Metropolitan's Board of
  Directors on March 12, 2001. At that time, the Special Oversight
  Committee ("Committee")of Metropolitan directors, charged with
  negotiating the Definitive Terms, unanimously recommended approval
  of the proposed Definitive Terms. A summary of the refined
  Definitive Terms, as recommended by the Committee and presented to
  Metropolitan's Board, is attached as Exhibit 99.1.
  
       Until consideration and action by both the Company's and
  Metropolitan's Boards, the proposed Definitive Terms will remain
  subject to change.  In addition, execution of a final agreement
  would be contingent upon and subject to completion of the ongoing
  environmental review process for the Cadiz Program.
  
  Item 7.   Exhibits
  
  99.1 Summary of Metropolitan-Cadiz Definitive Economic Terms &
            Responsibilities dated March 6, 2001.
  
                               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/ Stanley E. Speer
                                ________________________
                                   Stanley E. Speer
                                   Chief Financial Officer
  
  Dated:  March 12, 2001