Using kitchen shears, cut bacon into pieces then fry in skillet. Drain and set aside.
Wash and devein collard leaves. Roll and cut into extra-small pieces. In same frying pan used to cook bacon, add butter, garlic powder and onion powder. Over medium heat, saute collard greens. Add broth and tomatoes.
Drain and rinse black-eyed peas. Add to pan with cooked bacon.
Cook rice according to package instructions.
Place black-eyed peas mixture on try and spread rice around it. Serve with cornbread.