Well, here's what the "Player's Guide" says.
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Originally Posted by Toontown Official Player's Guide
Once you've attained a sufficient skill level, you'll be able to purchase statues from Clarabelle's Cattlelog. The greater your skill, the more statues you'll be able to buy.
Each statue comes with a specific recipe of jellybeans. You'll need to plant the statue with that assortment of jellybeans at the same time. Statues may only be placed on designated areas around your Estate.
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It doesn't say the have a specific purpose - but it doesn't say they
don't have a purpose, either. I think they are just for showing off your skill level.