Almost the way the we had it in MN back in the '60s growing up. Mom would make it with a large can of crushed tomatoes. Back in the day you did not throw out the bacon drippings. You would fry up the bacon in a large pot, add the crushed tomatoes, some pepper and the rice with some extra water and let the whole thing come to a boil, cover and let simmer until the rice was done. Inexpensive meal that would feed a whole family.
Easy and delicious. Made for New Kids on the Block Tag game. :)