The correct answer is option 1: Mid-latitude grasslands. This biome is commonly referred to as the "Bread Basket" of the world because it is characterized by vast expanses of fertile soil, which is ideal for agriculture. The climate in these grasslands typically experiences moderate rainfall and seasonal temperature variations, making it suitable for growing crops such as wheat, corn, and soybeans. The mid-latitude grasslands are found in regions like the Great Plains in North America, the Pampas in South America, and the steppes in Central Asia. These areas have become major agricultural producers, supplying a significant portion of the world`s food crops.