Cadiz Inc. is a water resources development and agribusiness company, which is engaged in sustainable water and farming projects in California. The Company is a private landowner and controls water supply, storage, and conveyance assets. The primary business of the Company is to acquire and develop land and water resources. It owns approximately 45,000 acres of land with groundwater resources in three areas of Southern California's Mojave Desert-the Cadiz Valley (approximately 35,000 acres), Danby Dry Lake (approximately 2,000 acres), and the Piute Valley (approximately 9,000 acres) (Cadiz Property). It is principally focused on developing the Cadiz Valley Water Conservation, Recovery and Storage Project (Water Project) at its Cadiz Valley property. At Cadiz Property (Cadiz Ranch), it is engaged in sustainable agricultural production through lease arrangements, with partners having fruit, vegetable, and grain crops in production.