Heat rice, coconut milk, butter, cane sugar, rum extract, and salt together in a saucepot. Bring to a simmer. Cover. Simmer 15 minutes.

Remove from heat, but do not remove cover. Let steam 5-10 minutes. Fluff.

Variations; Roasted bell peppers, roasted garlic, jalapeños, habanero, bacon, scallions, cilantro, lime zest, orange zest, cumin, cinnamon, toasted coconut, coriander seed, crushed pineapple, crushed pepper flakes, diced mango, diced green chiles, roasted poblano, chipotle, serrano, ancho chile, allspice, ginger, lemon, granulated sugar, turbinado sugar, cayenne, agave, honey, pecans, almonds, cashews, pistachios, red onion, white pepper, peppercorn melange, white wine vinegar, champagne vinegar, cauliflower, celery, celery seed, lemongrass, mirin, sesame seeds, shallots,