Keith Law of ESPN Insider recently ranked all 30 MLB teams' farm systems based on players currently in their organization. Due to the attrition from various trades this offseason, Cincinnati's system took a bit of a slide from prior years. However, the Redlegs still came in at a modest 19th on the list. Here's the excerpt taken from the article about the Reds:
19. Cincinnati Reds
I would have ranked the Reds several spots higher before the Mat Latos trade, probably top 10. Outside of Devin Mesoraco, every guy with high ceiling in this system played in low Class A or below in 2011, and they're all quite high risk to go with the high reward.
And in case you missed it yesterday, here's a post about the Reds' top 20 prospects from MLB.com.