The BSA website still has it as an active merit badge,
http://www.scouting.org/nav/about.html
Also, from the NHB website
http://www.nhb.org/articles/beebadge.html
Quote
Thanks to that effort and the hours of work by many others and the
receipt of many calls and letters from concerned beekeepers who began as
Boy Scouts, Mr. John Dalrymple, Advancement Director, Boy Scouts of
America stated that the national review committee
had reconsidered this badge and that on February 9, 1999 had decided to
reinstate the merit badge.
Unquote
So it seems it is still active as a merit badge.
Bill Truesdell
Bath, ME