A removable balanced plug assembly (22, 122, 222) for a balanced farm tap regulator (10, 110, 210), the removable balanced plug assembly (22, 122, 222) comprising: a valve stem (24, 124, 224) that is adapted to be longitudinally movable within a valve housing (12, 112, 212), the valve stem (24, 124, 224) including a stem balanced fluid passage (26, 126, 226) having a stem fluid inlet (88, 188, 288) at a first passage end and a stem fluid outlet (90, 190, 290) at a second passage end and the valve stem (24, 124, 224) including an externally extending stem flange (64, 164, 264) between a first stem end (66, 166) and a second stem end (68, 168); a disk (28, 128, 228) that is adapted to cooperate with a valve seat (20, 120, 220), the disk (28, 128, 228) being removably attached to the valve stem (24, 124, 224), and the disk (28, 128, 228) including a disk balanced fluid passage (32, 132, 232), the disk balanced fluid passage (32, 132, 232) having a disk fluid inlet (84, 184, 284) at a first disk end and a disk fluid outlet (86, 186, 286) at a second disk end, the disk balanced fluid passage (32, 132, 232) being fluidly connected with the stem balanced fluid passage (26, 126, 226); and a stem guide (30, 130, 230) adapted to be removably attached to the valve housing (12, 112, 212), the stem guide (30, 130, 230) including an inwardly extending guide flange (34, 134, 234) at a first stem guide end and an externally extending guide flange (36, 136, 236) at a second stem guide end, the stem guide (30, 130, 230) slidably retaining the valve stem (24, 124, 224); characterized in that the inwardly extending guide flange (34, 134, 234) cooperates with the externally extending stem flange (64, 164, 264) of the valve stem (24, 124, 224) to form a balance chamber (38, 138, 238) and to define longitudinal limits of the balance chamber (38, 138, 238), the stem balanced fluid passage (26, 126, 226) being fluidly connected to the balance chamber (38, 138, 238) at the stem fluid outlet (90, 190, 290) and to the disk balanced fluid passage (32, 132, 232) at the stem fluid inlet (88, 188, 288), so that inlet fluid pressure is delivered to the balance chamber (38, 138, 238) through the disk balanced fluid passage (32, 132, 232) and the stem balanced fluid passage (26, 126, 226) to act on the valve stem (24, 124, 224) to counter the inlet fluid pressure acting on the disk (28, 128, 228). a valve stem (24, 124, 224) that is adapted to be longitudinally movable within a valve housing (12, 112, 212), the valve stem (24, 124, 224) including a stem balanced fluid passage (26, 126, 226) having a stem fluid inlet (88, 188, 288) at a first passage end and a stem fluid outlet (90, 190, 290) at a second passage end and the valve stem (24, 124, 224) including an externally extending stem flange (64, 164, 264) between a first stem end (66, 166) and a second stem end (68, 168); a disk (28, 128, 228) that is adapted to cooperate with a valve seat (20, 120, 220), the disk (28, 128, 228) being removably attached to the valve stem (24, 124, 224), and the disk (28, 128, 228) including a disk balanced fluid passage (32, 132, 232), the disk balanced fluid passage (32, 132, 232) having a disk fluid inlet (84, 184, 284) at a first disk end and a disk fluid outlet (86, 186, 286) at a second disk end, the disk balanced fluid passage (32, 132, 232) being fluidly connected with the stem balanced fluid passage (26, 126, 226); and a stem guide (30, 130, 230) adapted to be removably attached to the valve housing (12, 112, 212), the stem guide (30, 130, 230) including an inwardly extending guide flange (34, 134, 234) at a first stem guide end and an externally extending guide flange (36, 136, 236) at a second stem guide end, the stem guide (30, 130, 230) slidably retaining the valve stem (24, 124, 224); characterized in that the inwardly extending guide flange (34, 134, 234) cooperates with the externally extending stem flange (64, 164, 264) of the valve stem (24, 124, 224) to form a balance chamber (38, 138, 238) and to define longitudinal limits of the balance chamber (38, 138, 238), the stem balanced fluid passage (26, 126, 226) being fluidly connected to the balance chamber (38, 138, 238) at the stem fluid outlet (90, 190, 290) and to the disk balanced fluid passage (32, 132, 232) at the stem fluid inlet (88, 188, 288), so that inlet fluid pressure is delivered to the balance chamber (38, 138, 238) through the disk balanced fluid passage (32, 132, 232) and the stem balanced fluid passage (26, 126, 226) to act on the valve stem (24, 124, 224) to counter the inlet fluid pressure acting on the disk (28, 128, 228).