The short answer is that it'll lose its loft eventually. As already mentioned, try to find a long staple, crimpy wool and really, really stuff it full. Aim for your stuffing to be roughly 4x higher than what you want the finished cushion to be.
I've done a lot of research into the topic except I was looking at mattresses, which could be considered giant pillows or cushions. Traditionally mattresses were opened (sewn seam removed) every summer and all stuffing was removed. If the stuffing was plant material, like straw, it would be replaced with fresh straw. For wool stuffing, it was run through a picker
like this to fluff it up into a cloud. Fiber can also be fluffed into a cloud by hand. Carding is an option, but even with a drum carder I'm not inclined to make all the batting I would need for a mattress! The amount for a seat cushion would be much more reasonable.
Some fun old reading on the topic of mattresses:
An Encyclopaedia of Domestic Economy (1845)
How to Make A Home and Feed A Family (1778)