The procedure of Magri and Weinstein is applied to produce an infinity
of compatible Poisson structures on a bihamiltonian manifold, to the
case of the KdV phase space. The higher Gel'fand-Dikii structures thus
obtained contain nonlocal terms which are expressed with the help of
the r.h.s. of the KdV hierarchy. A generating function for all these P
oisson structures is given in terms of the Baker-Akhiezer functions. T
he symplectic leaves of these Poisson structures are described.