Cadiz Inc. is a land and water resource development company with acreage in three areas of eastern San Bernardino County, California. The Company is engaged in agricultural operations on its properties in the Cadiz/Fenner valley and development of the water resources underlying that site. The agricultural operations include vineyards, citrus orchards and seasonal vegetables. The Company's water development efforts are primarily focused on the Cadiz Valley Water Conservation, Recovery and Storage Project. The project is designed to supply, capture and conserve billions of gallons of renewable native groundwater being lost annually to evaporation from the aquifer system underlying the Company's Cadiz/Fenner property. The project is aimed to provide a reliable water supply to water users in Southern California.