Wow, those are not good numbers. I knew the yarn industry was having problems, but I don't see how the farmers stay in business like that.
It makes me worried about shetland wool, because I don't think stranded knitting is as popular as it used to be. At least not in my area, according to my LYS. They stopped carrying all their 4ply yarns a couple of years ago.
I will definitely read this. Thanks for the link!