Conocybe subxerophytica is a species of mushroom-producing fungus in the family Bolbitiaceae.

The entire surface has a farinose-pruinose coating sometimes with slight striations running up the length of the stem.

Gills: Adnate, subdistant, starting light yellow but maturing to rusty brown.

[3] The specific epithet subxerophytica is named for the xerophytic environment in which the species is found.

[3] In dry grassland in open spaces and on South facing slopes with sandy, gravelly or loess soil.