The Fairmount and Veblen Railway (F&V) was a short line railroad which operated in Richland County, North Dakota; Roberts County, South Dakota; and Marshall County, South Dakota.
The railroad was established in 1912, and that year constructed trackage from Fairmount, North Dakota southward to the town of Rosholt, then westward to Claire City, and Veblen, South Dakota. The line was extended southward the following year, from Veblen to the South Dakota towns of Roslyn and then eastward to Grenville. A steam locomotive acquired from the Minneapolis, St. Paul and Sault Ste. Marie Railway (“Soo Line”) was used on the railroad.
The town of Rosholt was named for Julius Rosholt, builder of the F&V.
In 1915 the F&V was acquired by the Soo Line, and its trackage operated as a branch line by that railroad. The portion of the line between Veblen and Grenville was abandoned in 1971, and in 2000 the trackage between Rosholt and Veblen was sold to the newly-formed Sunflour Railroad. Trackage north of Rosholt remains in use in 2006, operated by the Canadian Pacific Railway, the Soo Line's corporate successor.