You know Bob I have seriously considered that, its doable except the time involved wouldnot be cost effective. Considering the alternatives of felt carpet padding and those manufacturers here who sell felt batts.
I have made felt from both wool , and cats hair, the wool for the fun of it in Israel, it wond up as a tractor seat cover, and the cats hair just playing around with it after brushing out the mother cat. This week in fact.
But as I said, right now the carpet pad felt is the cheapest buy I see, so far. Check it out at Home Depot.
I have several videos showing Mongolian ger, in winter, and a couple of them look like they have at least 10" under the roof cover and 6" inside the wall cover. Or more.
Check out amazon video section for Mongolian ger life, a lot of insight as to what these marvels survive in their winter. About the only part of the US that has consistently the same winter weather as the Mongolian Ger is put through is interior and northern Alaska. The west coast has the temps plus the gale force winds, although the Interior and North Slope get it also, just not as constant.
Where I am thinking of living in ID gets it but not as long at a time. I really think the wool felt, inside Tyvek on the walls and under the Tyvek on the roof is the way I will go. I have experienced -34 inside a cabin upon waking, I dont care to do that again.
Anyone who hasnt seen it I highly recommend
'Muujaan' on Amazon. It means craftsman, it might be spelled wrong, on Amazon under DVDs look for Mongolian Yurts, it will come right up, spelled right. Several others there worth getting too.