FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person *   Grant Geoffrey T 2. Date of Event Requiring Statement (Month/Day/Year) 01/19/2007 3. Issuer Name and Ticker or Trading Symbol CADIZ INC [CDIZ] (Last) (First) (Middle) C/O PELOTON PARTNERS LLP, 17 BROADWICK STREET 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below) 5. If Amendment, Date Original Filed(Month/Day/Year) 01/31/2007 (Street) LONDON, X0 W1F ODJ 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Class A Common Stock ("Common Stock") 1,134,478 I (1) See Footnote (1)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Common Stock convertible from Term Loan Agreement	  (2)	  (3)	Convertible Debt	$ 36,375,000	$ (4)	I (1) (2)	See Footnote (1)

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Grant Geoffrey T C/O PELOTON PARTNERS LLP 17 BROADWICK STREET LONDON, X0 W1F ODJ	  X	  X	Â	Â

Signatures

/s/ Geoffrey Grant on behalf of himself and Peloton Partners, LP		04/12/2007
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Mr. Grant, the Chief Investment Officer, conducts the investment activities of, Peloton Partners (together with Mr. Grant, the "Reporting Persons"), the investment manager of Peloton Partners LP and Peloton Multi-Strategy Master Fund, Ltd. (the "Investment Entities"). The Reporting Persons hold the reported securities indirectly through the Investment Entities. Neither Peloton Partners nor Mr. Grant directly own any shares of Common Stock. Peloton Partners and Mr. Grant disclaims any beneficial ownership of the shares of Common Stock included in this report to the extent such beneficial ownership exceeds such person's pecuniary interest.
(2)	The convertible term loan ("Term Loan") which is comprised of two tranches ("Tranche A Term Loan" and "Tranche B Term Loan") provide Peloton Partners the right to purchase common stock. The conversion of the Term Loan can occur at Peloton Partner's election.
(3)	The final maturity date is June 30, 2011.
(4)	The conversion price in Item 4, above, is dependent upon the respective Tranche (Tranche A Term Loan and Tranche B Term Loan). The exercise price for Tranche A is $18.15 while the original aggregate amount of the Tranche A Term Commitment is USD$10,000,000. The exercise price for Tranche B is $23.10 while the original aggregate amount of the Tranche B Term Commitment is USD$26,375,000.
  Remarks: Peloton Partners LLP ("Peloton Partners"), on behalf of Geoffrey Grant ("Mr. Grant"), is amending this Form 3 due to a  miscalculation in Table I, box 2, the amount of securities beneficially owned.

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