"One of the most unusual attractions in Alabama is the Boll Weevil Monument, which its hometown of Enterprise often touts as the world's only monument honoring a pest. Some dispute this distinction, saying perhaps big bug logos adorning pest control companies or other such "statues" are also monuments honoring a bug, but that's a bit of a stretch. In any case, Enterprise probably has the first bug monument, and arguably has the only one that actually pays tribute to a pest.
Disaster struck when the boll weevil reached Coffee County in 1915. It destroyed many cotton crops, leaving farmers in a financial bind and the area in a slump. However, one Enterprise businessman realized the boll weevil was on a course to severely damage local prosperity, so he took matters into his own hands. His name was H.M. Sessions, and he determined that peanuts would make a good crop for the area. In 1916 he convinced a deeply-indebted farmer named C.W. Baston to take a chance on peanuts for one year. Baston was a cotton farmer who had been hit hard by the boll weevil, and Sessions' offer to supply the peanuts for planting, a picker to harvest them with, and $1 a bushel was too good to refuse.
It wasn't long before another local businessman, Bon Fleming, came up with the idea to honor the bugs for forcing farmers to diversify crops. That seems strange to some, but time proved it wasn't so crazy, after all. The monument continues to be a popular tourist attraction, and it's gained national and international publicity for the city over the years. The Pea River Historical and Genealogical Society runs a shop on Main Street selling books, mini-statues, T-shirts and other items featuring the monument."
http://www.shelleybrigman.com/weevil.html