Cadiz Inc. is a land and water resource development company. The Company has approximately 45,000 acres of land in three areas of eastern San Bernardino County, California. The Company has maintained an agricultural development at its approximately 34,000-acre property in the Cadiz Valley, relying upon groundwater from the underlying aquifer system for irrigation. Its long-term value of its land assets are derived through development of water supply and storage projects at its properties. Its water development efforts are focused on the Cadiz Valley Water Conservation, Recovery and Storage Project captures and conserve millions of acre-feet of native groundwater being lost to evaporation from the aquifer system beneath its Cadiz Valley property and deliver it to water providers throughout Southern California. It conducted its land acquisition, water development activities, agricultural operations, and land development initiatives to maximize the long-term value of its properties.